Insider Selling: Nayax (NASDAQ:NYAX) CFO Sells $33,281.34 in Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 489 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $68.06, for a total value of $33,281.34. Following the transaction, the chief financial officer owned 46,783 shares in the company, valued at approximately $3,184,050.98. This trade represents a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sagit Manor also recently made the following trade(s):

• On Monday, May 18th, Sagit Manor sold 251 shares of Nayax stock. The stock was sold at an average price of $64.58, for a total value of $16,209.58.
• On Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total value of $112,150.76.

Nayax Price Performance

Shares of NYAX opened at $63.73 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The stock has a market cap of $2.33 billion, a P/E ratio of 80.67 and a beta of 0.41. The stock’s 50-day moving average price is $65.89 and its two-hundred day moving average price is $57.70.

Nayax (NASDAQ:NYAX) last issued 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). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The company had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. On average, equities analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. William Blair restated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Keefe, Bruyette & Woods raised their target price on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group lifted their price objective on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.20.

Hedge Funds Weigh In On Nayax

Several institutional investors have recently modified their holdings of NYAX. Bank of America Corp DE lifted its holdings in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Nayax by 19.7% during the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after purchasing an additional 5,523 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Nayax by 18.6% during the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock valued at $711,000 after purchasing an additional 2,214 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Institutional investors 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.