Michal Sever Sells 5,000 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) CMO Michal Sever sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $64.32, for a total value of $321,600.00. Following the completion of the transaction, the chief marketing officer owned 17,306 shares of the company’s stock, valued at approximately $1,113,121.92. This represents a 22.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nayax Stock Performance

Shares of NYAX opened at $67.00 on Wednesday. The business’s 50 day moving average is $62.40 and its two-hundred day moving average is $54.63. Nayax Ltd. has a 52-week low of $38.50 and a 52-week high of $75.00. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 84.81 and a beta of 0.39. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.

Nayax (NASDAQ:NYAX) last announced 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). The business had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. Analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NYAX shares. Keefe, Bruyette & Woods upped their price target on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. UBS Group increased their target price on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Two equities 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.27.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently modified their holdings of NYAX. Vanguard Group Inc. boosted its position in shares of Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after purchasing an additional 535,476 shares during the period. AltraVue Capital LLC purchased a new stake in Nayax in the 4th quarter worth about $11,623,000. Goldman Sachs Group Inc. lifted its stake in Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after acquiring an additional 72,357 shares in the last quarter. Finally, UBS Group AG lifted its stake in Nayax by 12,665.1% in the 4th quarter. UBS Group AG now owns 57,443 shares of the company’s stock worth $2,907,000 after acquiring an additional 56,993 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.