Insider Selling: Nayax (NASDAQ:NYAX) CFO Sells $13,666.04 in Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 214 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $63.86, for a total value of $13,666.04. Following the completion of the transaction, the chief financial officer owned 46,490 shares in the company, valued at approximately $2,968,851.40. The trade was a 0.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 Friday, June 26th, Sagit Manor sold 79 shares of Nayax stock. The shares were sold at an average price of $64.02, for a total value of $5,057.58.
• On Thursday, June 4th, Sagit Manor sold 489 shares of Nayax stock. The stock was sold at an average price of $68.06, for a total value of $33,281.34.
• 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 Stock Up 2.4%

NASDAQ NYAX traded up $1.54 during mid-day trading on Tuesday, hitting $65.61. The company’s stock had a trading volume of 5,180 shares, compared to its average volume of 19,337. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 83.05 and a beta of 0.41. The company’s 50 day simple moving average is $67.50 and its 200 day simple moving average is $59.53. 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 twelve month low of $39.17 and a twelve month high of $76.86.

Nayax (NASDAQ:NYAX) last released 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 business had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. Analysts anticipate that Nayax Ltd. will post 0.73 earnings per share for the current year.

Institutional Trading of Nayax

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position 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 during the last quarter. Osaic Holdings Inc. purchased a new position in shares of Nayax in the 2nd quarter worth about $33,000. Bank of America Corp DE boosted its holdings in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in Nayax during the fourth quarter valued at about $69,000. Finally, Alliancebernstein L.P. bought a new position in Nayax during the third quarter valued at about $128,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NYAX shares. Keefe, Bruyette & Woods lifted their target price on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 target price on shares of Nayax in a research note on Thursday, May 14th. Finally, UBS Group increased their target price on shares of Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $78.95.

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.