Nayax Ltd. (NASDAQ:NYAX – Get Free Report) insider Aaron Samuel Greenberg sold 440 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $32,256.40. Following the sale, the insider directly owned 25,915 shares in the company, valued at approximately $1,899,828.65. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Aaron Samuel Greenberg also recently made the following trade(s):
- On Monday, May 4th, Aaron Samuel Greenberg sold 276 shares of Nayax stock. The stock was sold at an average price of $70.43, for a total transaction of $19,438.68.
- On Wednesday, April 22nd, Aaron Samuel Greenberg sold 1,002 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total transaction of $64,067.88.
Nayax Stock Down 0.2%
Shares of NASDAQ:NYAX opened at $68.12 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $76.86. The firm has a market cap of $2.49 billion, a P/E ratio of 86.23 and a beta of 0.41. The company’s 50-day moving average price is $65.09 and its two-hundred day moving average price is $57.07.
Wall Street Analysts Forecast Growth
NYAX has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and set a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. William Blair restated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.20.
Read Our Latest Stock Analysis on NYAX
Institutional Trading of Nayax
A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Nayax by 1,607.2% in the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after acquiring an additional 8,727 shares during the period. Altshuler Shaham Ltd raised its position 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 during the period. Y.D. More Investments Ltd raised its position 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 during the period. Assenagon Asset Management S.A. raised its position in shares of Nayax by 36.4% in 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 period. Finally, Amundi acquired a new stake in shares of Nayax in the 4th quarter valued at approximately $302,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.
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.
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