Insider Selling: Nayax (NASDAQ:NYAX) Insider Sells $13,399.80 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Greenberg sold 276 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $48.55, for a total value of $13,399.80. Following the completion of the transaction, the insider owned 24,872 shares in the company, valued at $1,207,535.60. The trade was a 1.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aaron Samuel Greenberg also recently made the following trade(s):

• On Monday, September 28th, Aaron Greenberg sold 54 shares of Nayax stock. The stock was sold at an average price of $44.63, for a total transaction of $2,410.02.
• On Friday, September 4th, Aaron Greenberg sold 77 shares of Nayax stock. The stock was sold at an average price of $52.31, for a total transaction of $4,027.87.

Nayax Price Performance

NYAX stock opened at $46.15 on Friday. The company’s 50-day moving average price is $47.64 and its two-hundred day moving average price is $58.28. The firm has a market cap of $1.69 billion, a P/E ratio of 79.90 and a beta of 0.46. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $76.86.

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

Institutional Investors Weigh In On Nayax

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC bought a new position in shares of Nayax in the 2nd quarter worth $650,000. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the 2nd quarter valued at $239,000. Bank of America Corp DE increased its stake in Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after purchasing an additional 8,727 shares in the last quarter. Altshuler Shaham Ltd increased its stake in Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after buying an additional 25,694 shares during the last quarter. Institutional investors own 34.87% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group restated a “neutral” rating and set a $70.00 price target on shares of Nayax in a report on Tuesday, August 11th. Jefferies Financial Group began coverage on shares of Nayax in a research report on Wednesday, October 7th. They set a “buy” rating and a $68.30 target price on the stock. Weiss Ratings lowered shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Barclays reduced their price target on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.46.

Nayax Company Profile

Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.

The company’s products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax’s technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.

Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.