Nayax (NASDAQ:NYAX) Insider Sells $20,826.36 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 306 shares of Nayax stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $68.06, for a total transaction of $20,826.36. Following the sale, the insider owned 25,609 shares in the company, valued at $1,742,948.54. This represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aaron Samuel Greenberg also recently made the following trade(s):

• On Monday, June 1st, Aaron Samuel Greenberg sold 440 shares of Nayax stock. The shares were sold at an average price of $73.31, for a total transaction of $32,256.40.
• On Monday, May 4th, Aaron Samuel Greenberg sold 276 shares of Nayax stock. The stock was sold at an average price of $70.43, for a total transaction of $19,438.68.
• On Wednesday, April 22nd, Aaron Samuel Greenberg sold 1,002 shares of Nayax stock. The shares were sold at an average price of $63.94, for a total transaction of $64,067.88.

Nayax Stock Performance

NASDAQ NYAX opened at $65.00 on Monday. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.38 billion, a P/E ratio of 82.28 and a beta of 0.41. The company’s 50-day simple moving average is $65.29 and its 200 day simple moving average is $57.24.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. As a group, research analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

NYAX has been the topic of several recent analyst reports. UBS Group boosted their price target on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. 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 note on Wednesday, May 13th. Finally, Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Nayax presently has a consensus rating of “Hold” and a consensus target price of $77.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NYAX. Y.D. More Investments Ltd increased its stake 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 during the period. Assenagon Asset Management S.A. lifted its stake in shares of Nayax by 57.3% during the fourth 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. Legato Capital Management LLC bought a new position in Nayax in the fourth quarter valued at about $1,072,000. AltraVue Capital LLC bought a new position in Nayax in the fourth quarter valued at about $11,623,000. Finally, UBS Group AG increased its position in Nayax by 12,665.1% in the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock worth $2,907,000 after purchasing an additional 56,993 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.