Carly Lisanne Furman Sells 382 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Carly Lisanne Furman sold 382 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $68.08, for a total transaction of $26,006.56. Following the completion of the transaction, the chief executive officer directly owned 21,439 shares of the company’s stock, valued at approximately $1,459,567.12. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Carly Lisanne Furman also recently made the following trade(s):

• On Monday, June 1st, Carly Lisanne Furman sold 1,753 shares of Nayax stock. The shares were sold at an average price of $73.31, for a total transaction of $128,512.43.

Nayax Trading Down 2.1%

Shares of Nayax stock opened at $64.25 on Wednesday. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.35 billion, a PE ratio of 81.33 and a beta of 0.41. The company has a 50-day moving average of $65.70 and a two-hundred day moving average of $57.56.

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 net margin of 6.95% and a return on equity of 14.09%. The company had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. On average, research analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

A number of large investors have recently bought and sold shares of NYAX. Bank of America Corp DE raised its stake in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares during the period. Geode Capital Management LLC raised its stake in shares of Nayax by 19.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after acquiring an additional 5,523 shares during the period. Legal & General Group Plc raised its stake in shares of Nayax by 18.6% in the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock valued at $711,000 after acquiring an additional 2,214 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Keefe, Bruyette & Woods increased their price target 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. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, May 27th. Finally, UBS Group increased their price target 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. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.