Nayax Ltd. (NASDAQ:NYAX – Get Free Report) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 33,623 shares, a decline of 47.8% from the May 14th total of 64,457 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 20,090 shares, the short-interest ratio is presently 1.7 days.
Insider Activity at Nayax
In related news, President Keren Sharir sold 4,500 shares of Nayax stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $71.80, for a total transaction of $323,100.00. Following the completion of the sale, the president owned 26,876 shares of the company’s stock, valued at approximately $1,929,696.80. The trade was a 14.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Carly Lisanne Furman sold 1,753 shares of Nayax stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $128,512.43. Following the sale, the chief executive officer directly owned 21,821 shares of the company’s stock, valued at $1,599,697.51. The trade was a 7.44% decrease in their position. 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. Insiders sold 47,901 shares of company stock worth $3,496,580 over the last ninety days.
Hedge Funds Weigh In On Nayax
Hedge funds and other institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd raised its position in shares of Nayax by 3.2% in the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock valued at $42,399,000 after buying an additional 26,146 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Nayax by 57.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after buying an additional 72,354 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of Nayax in the 4th quarter valued at approximately $1,072,000. AltraVue Capital LLC acquired a new position in shares of Nayax in the 4th quarter valued at approximately $11,623,000. Finally, UBS Group AG raised its position in shares of Nayax by 12,665.1% in the 4th quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after buying an additional 56,993 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.
Nayax Stock Performance
Nayax (NASDAQ:NYAX – Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. As a group, equities analysts anticipate that Nayax will post 0.73 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently commented on NYAX shares. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. UBS Group lifted their target price on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 target price on shares of Nayax in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $77.20.
Read Our Latest Stock Report on Nayax
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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