Sagit Manor Sells 214 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 214 shares of Nayax stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $63.86, for a total transaction of $13,666.04. Following the completion of the sale, the chief financial officer directly owned 46,490 shares in the company, valued at $2,968,851.40. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sagit Manor also recently made the following trade(s):

• On Friday, June 26th, Sagit Manor sold 79 shares of Nayax stock. The shares were sold at an average price of $64.02, for a total value of $5,057.58.
• On Thursday, June 4th, Sagit Manor sold 489 shares of Nayax stock. The stock was sold at an average price of $68.06, for a total value of $33,281.34.
• On Monday, May 18th, Sagit Manor sold 251 shares of Nayax stock. The shares were sold at an average price of $64.58, for a total value of $16,209.58.
• On Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The shares were sold at an average price of $63.94, for a total value of $112,150.76.

Nayax Stock Up 3.4%

NYAX stock opened at $67.76 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 85.77 and a beta of 0.41. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The stock has a fifty day moving average of $67.62 and a 200-day moving average of $59.82.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. As a group, equities research analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current year.

Key Headlines Impacting Nayax

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: UBS recently raised its price target on Nayax and Oppenheimer upgraded the stock to outperform, which may help support investor confidence in the name.
• Neutral Sentiment: Several insiders, including the CEO, CFO, CMO, and other executives, sold small blocks of shares over the past few days, but the filings say the sales were made to cover tax withholding obligations tied to vested equity awards. CEO Filing CFO Filing CMO Filing
• Neutral Sentiment: Most of the sales were very small relative to each executive’s holdings, which makes them more consistent with routine portfolio administration than a major shift in insider sentiment.
• Negative Sentiment: The repeat insider selling may still create some short-term pressure on NYAX shares if investors interpret it as limited near-term conviction, especially after the stock’s strong recent run.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NYAX shares. UBS Group raised their price objective on shares of Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Keefe, Bruyette & Woods increased their target price on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. Finally, Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Nayax presently has an average rating of “Hold” and an average price target of $78.95.

Institutional Investors Weigh In On Nayax

A number of institutional investors and hedge funds have recently made changes to their positions in NYAX. Bank of America Corp DE boosted its stake in Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after buying an additional 8,727 shares during the period. Altshuler Shaham Ltd raised its holdings in shares of Nayax by 5.0% in the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,731 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after acquiring an additional 25,694 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after acquiring an additional 72,357 shares during the last quarter. Finally, Amundi purchased a new position in shares of Nayax during the fourth quarter worth about $302,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

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.