Nayax (NASDAQ:NYAX) Insider Aaron Samuel Greenberg Sells 1,002 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 1,002 shares of the stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the completion of the sale, the insider directly owned 25,753 shares of the company’s stock, valued at $1,646,646.82. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nayax Price Performance

NYAX opened at $66.24 on Friday. The firm’s fifty day moving average price is $57.90 and its two-hundred day moving average price is $52.01. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 69.73 and a beta of 0.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.26 and a quick ratio of 2.16. Nayax Ltd. has a 1 year low of $37.95 and a 1 year high of $66.80.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Monday, March 9th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Nayax had a net margin of 8.87% and a return on equity of 11.60%. The company had revenue of $119.45 million for the quarter, compared to analyst estimates of $120.13 million. As a group, analysts anticipate that Nayax Ltd. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NYAX shares. William Blair reaffirmed an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their target price on Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.67.

Institutional Trading of Nayax

Hedge funds have recently made changes to their positions in the company. Y.D. More Investments Ltd grew its stake in shares of Nayax by 3.2% during the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock worth $42,399,000 after acquiring an additional 26,146 shares during the period. Assenagon Asset Management S.A. raised its stake in 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 acquiring an additional 72,354 shares during the period. ARK Investment Management LLC lifted its holdings in Nayax by 3.2% during 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 last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Nayax by 10.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock valued at $355,000 after purchasing an additional 693 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the period. 34.87% of the stock is currently owned by 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.