Nayax Ltd. (NASDAQ:NYAX – Get Free Report) traded down 11% during trading on Tuesday . The stock traded as low as $65.07 and last traded at $64.05. Approximately 29,465 shares were traded during trading, an increase of 53% from the average session volume of 19,209 shares. The stock had previously closed at $71.96.
Wall Street Analyst Weigh In
Several brokerages have issued reports on NYAX. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their price objective on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, Oppenheimer upgraded 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. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $78.95.
Check Out Our Latest Report on Nayax
Nayax Trading Down 7.6%
Nayax (NASDAQ:NYAX – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $105.64 million. On average, equities research analysts anticipate that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Sagit Manor sold 1,252 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48. Following the sale, the chief financial officer directly owned 45,238 shares in the company, valued at approximately $3,019,184.12. The trade was a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Carly Lisanne Furman sold 382 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $68.08, for a total value of $26,006.56. Following the completion of the transaction, the chief executive officer owned 21,439 shares of the company’s stock, valued at approximately $1,459,567.12. This represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 50,385 shares of company stock valued at $3,659,391.
Institutional Investors Weigh In On Nayax
A number of institutional investors and hedge funds have recently modified their holdings of NYAX. Public Employees Retirement System of Ohio increased its holdings in Nayax by 9.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after acquiring an additional 330 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after purchasing an additional 594 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of Nayax in the second quarter worth approximately $33,000. Finally, Geode Capital Management LLC raised its stake in Nayax by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after purchasing an additional 715 shares in the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.
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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