Insider Selling: Nayax (NASDAQ:NYAX) CMO Sells 5,000 Shares of Stock

Nayax Ltd. (NASDAQ:NYAXGet Free Report) CMO Michal Sever sold 5,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.32, for a total value of $321,600.00. Following the sale, the chief marketing officer directly owned 17,306 shares of the company’s stock, valued at $1,113,121.92. This represents a 22.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nayax Price Performance

NASDAQ NYAX opened at $63.39 on Monday. The stock has a fifty day moving average of $62.05 and a 200-day moving average of $54.30. The stock has a market capitalization of $2.32 billion, a P/E ratio of 80.24 and a beta of 0.39. Nayax Ltd. has a 52 week low of $38.50 and a 52 week high of $74.83. 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 (NASDAQ:NYAXGet Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The firm had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. On average, equities research analysts forecast that Nayax Ltd. will post 0.73 EPS for the current year.

Institutional Trading of Nayax

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Y.D. More Investments Ltd raised its holdings in Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after acquiring an additional 25,694 shares in the last quarter. Vanguard Group Inc. raised its holdings in Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Nayax by 36.4% during the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after acquiring an additional 72,357 shares in the last quarter. Finally, AltraVue Capital LLC bought a new stake in Nayax during the fourth quarter worth about $11,623,000. Institutional investors own 34.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods raised their price target on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. UBS Group upped their price objective on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Nayax currently has an average rating of “Hold” and an average price target of $74.27.

Read Our Latest Report on Nayax

Nayax Company Profile

(Get Free Report)

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.

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