Insider Selling: Nayax (NASDAQ:NYAX) CFO Sells 251 Shares of Stock

Nayax Ltd. (NASDAQ:NYAXGet Free Report) CFO Sagit Manor sold 251 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $64.58, for a total transaction of $16,209.58. Following the completion of the transaction, the chief financial officer directly owned 47,272 shares of the company’s stock, valued at approximately $3,052,825.76. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76.

Nayax Trading Up 0.6%

Nayax stock opened at $63.78 on Tuesday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 80.73 and a beta of 0.39. The firm has a 50-day moving average of $62.19 and a 200-day moving average of $54.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. Nayax Ltd. has a one year low of $38.50 and a one year high of $74.83.

Nayax (NASDAQ:NYAXGet Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (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 company had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. On average, equities analysts expect that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NYAX has been the topic of a number of analyst reports. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. William Blair restated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. UBS Group increased their price target on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $74.27.

Read Our Latest Stock Analysis on NYAX

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Y.D. More Investments Ltd boosted its position in Nayax by 3.2% during the fourth quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock worth $42,399,000 after purchasing an additional 26,146 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Nayax by 57.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after purchasing an additional 72,354 shares during the last quarter. ARK Investment Management LLC raised its position in shares of Nayax by 3.2% in the third quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock valued at $2,058,000 after purchasing an additional 1,331 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Nayax by 10.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock worth $355,000 after buying an additional 693 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Nayax by 210.5% during 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. 34.87% of the stock is currently owned by institutional investors.

About Nayax

(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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