Insider Selling: Nayax (NASDAQ:NYAX) Insider Sells 1,052 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) insider Oren Tepper sold 1,052 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $73.31, for a total value of $77,122.12. Following the transaction, the insider owned 19,392 shares of the company’s stock, valued at approximately $1,421,627.52. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nayax Stock Performance

Shares of NASDAQ:NYAX traded down $5.15 during mid-day trading on Tuesday, reaching $68.48. 26,561 shares of the company traded hands, compared to its average volume of 36,825. The company’s 50 day moving average price is $64.49 and its 200-day moving average price is $56.50. The firm has a market cap of $2.51 billion, a PE ratio of 86.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. Nayax Ltd. has a 52 week low of $39.17 and a 52 week high of $76.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data 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). The company had revenue of $106.86 million for 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%. On average, equities analysts expect that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NYAX shares. Keefe, Bruyette & Woods boosted their price objective on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. UBS Group upped their price target on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $79.80 price target on shares of Nayax in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.20.

Institutional Trading of Nayax

Several hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after acquiring an additional 25,694 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Nayax by 4,022.5% during the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. raised 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 worth $9,966,000 after acquiring an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after acquiring an additional 72,357 shares in the last quarter. Finally, AltraVue Capital LLC purchased a new stake in shares of Nayax during the 4th quarter worth approximately $11,623,000. 34.87% of the stock is owned by hedge funds and other 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.