Nayax (NASDAQ:NYAX) Stock: Insider Sagit Manor Sells 293 Shares

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 293 shares of the company’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $44.80, for a total value of $13,126.40. Following the sale, the chief financial officer owned 44,822 shares of the company’s stock, valued at approximately $2,008,025.60. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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, September 4th, Sagit Manor sold 123 shares of Nayax stock. The shares were sold at an average price of $52.39, for a total value of $6,443.97.
• On Wednesday, July 1st, Sagit Manor sold 1,252 shares of Nayax stock. The shares were sold at an average price of $66.74, for a total value of $83,558.48.

Nayax Stock Up 1.3%

Shares of NYAX stock traded up $0.60 during mid-day trading on Tuesday, hitting $45.26. The stock had a trading volume of 2,826 shares, compared to its average volume of 20,431. The firm has a market capitalization of $1.66 billion, a P/E ratio of 215.67 and a beta of 0.43. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. The firm’s 50-day moving average is $54.33 and its two-hundred day moving average is $61.06.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $122.59 million during the quarter, compared to the consensus estimate of $116.75 million. Nayax had a net margin of 1.74% and a return on equity of 10.45%. On average, analysts predict that Nayax Ltd. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NYAX shares. Weiss Ratings lowered Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. UBS Group reiterated a “neutral” rating and set a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Barclays decreased their price objective on Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Friday, August 14th. Finally, Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.76.

Institutional Investors Weigh In On Nayax

A number of large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax during the second quarter worth $239,000. Bank of America Corp DE grew its holdings in Nayax by 1,607.2% in the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after buying an additional 8,727 shares during the last quarter. Tidal Investments LLC bought a new position in Nayax during the second quarter worth $650,000. Altshuler Shaham Ltd raised its position in shares of Nayax by 140.0% during the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after buying an additional 20,121 shares during the last quarter. Finally, AltraVue Capital LLC acquired a new position in Nayax in the 4th quarter valued at approximately $11,623,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

About Nayax

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company’s products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.