Nayax (NASDAQ:NYAX) President Keren Sharir Sells 4,500 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) President Keren Sharir sold 4,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $71.80, for a total value of $323,100.00. Following the transaction, the president directly owned 26,876 shares in the company, valued at $1,929,696.80. This represents a 14.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nayax Trading Down 0.2%

Shares of NASDAQ:NYAX opened at $74.14 on Friday. The business’s 50-day moving average is $63.93 and its 200 day moving average is $56.01. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $75.68. The firm has a market capitalization of $2.71 billion, a P/E ratio of 93.85 and a beta of 0.39. 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 (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm 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%. On average, research analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its holdings in Nayax by 9.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after acquiring an additional 330 shares during the period. Russell Investments Group Ltd. grew its holdings in Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Nayax by 8.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after acquiring an additional 594 shares during the period. Osaic Holdings Inc. acquired a new stake in Nayax during the second quarter worth about $33,000. Finally, Geode Capital Management LLC boosted its position in Nayax by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock worth $1,825,000 after purchasing an additional 715 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NYAX. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. UBS Group boosted their target price on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.20.

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.