Swedbank AB lessened its holdings in shares of Nayax Ltd. (NASDAQ:NYAX – Free Report) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 285,000 shares of the company’s stock after selling 15,000 shares during the quarter. Swedbank AB owned approximately 0.78% of Nayax worth $15,960,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in Nayax by 9.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after purchasing an additional 330 shares during the last quarter. Russell Investments Group Ltd. boosted its stake 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 during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake 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 during the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax in the 2nd quarter valued at about $33,000. Finally, Geode Capital Management LLC increased its stake in shares of Nayax by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after acquiring an additional 715 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.
Nayax Stock Performance
Shares of NYAX stock opened at $66.36 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.43 billion, a PE ratio of 84.00 and a beta of 0.47. The company’s fifty day simple moving average is $67.91 and its 200-day simple moving average is $60.79. Nayax Ltd. has a 52 week low of $39.17 and a 52 week high of $76.86.
Insider Buying and Selling at Nayax
In related news, insider Eden Zafrani sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $64.89, for a total transaction of $32,445.00. Following the transaction, the insider directly owned 14,869 shares of the company’s stock, valued at approximately $964,849.41. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Aaron Samuel Greenberg sold 440 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $73.31, for a total transaction of $32,256.40. Following the completion of the transaction, the insider directly owned 25,915 shares of the company’s stock, valued at approximately $1,899,828.65. The trade was a 1.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 50,385 shares of company stock worth $3,659,391.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on NYAX shares. UBS Group increased 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. 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. Finally, Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $78.16.
Check Out Our Latest Stock Analysis on NYAX
Nayax 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.
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