Carly Lisanne Furman Sells 1,753 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Carly Lisanne Furman sold 1,753 shares of Nayax stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $128,512.43. Following the completion of the sale, the chief executive officer directly owned 21,821 shares of the company’s stock, valued at $1,599,697.51. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nayax Stock Down 0.8%

NYAX stock opened at $68.26 on Thursday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 86.41 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86. The company has a 50 day moving average price of $64.85 and a two-hundred day moving average price of $56.88.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. As a group, sell-side analysts expect that Nayax Ltd. will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Nayax by 9.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after purchasing an additional 330 shares during the period. Russell Investments Group Ltd. lifted its position in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Nayax by 8.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after buying an additional 594 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax in the 2nd quarter worth approximately $33,000. Finally, Geode Capital Management LLC lifted its position in Nayax by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock worth $1,825,000 after buying an additional 715 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Wall Street Analysts Forecast Growth

NYAX has been the subject of a number of research reports. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.80 price objective on shares of Nayax in a research note on Thursday, May 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.20.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.