Nayax (NASDAQ:NYAX) Insider Gal Omer Sells 1,500 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Gal Omer sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $45.17, for a total transaction of $67,755.00. Following the transaction, the insider directly owned 18,539 shares in the company, valued at approximately $837,406.63. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Nayax Stock Down 4.9%

Shares of NASDAQ NYAX opened at $42.91 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The stock’s 50-day simple moving average is $57.64 and its 200-day simple moving average is $61.70. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 204.33 and a beta of 0.43.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NYAX. Oppenheimer upgraded 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. UBS Group restated a “neutral” rating and set a $70.00 price objective on shares of Nayax in a research report on Tuesday, August 11th. Barclays lowered their price objective on Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings upgraded Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research note 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 report on Friday, August 14th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nayax has a consensus rating of “Hold” and an average target price of $75.76.

Hedge Funds Weigh In On Nayax

Several hedge funds have recently modified their holdings of NYAX. Y.D. More Investments Ltd lifted its stake in Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,694 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after buying an additional 72,357 shares in the last quarter. AltraVue Capital LLC acquired a new stake in shares of Nayax during the 4th quarter valued at $11,623,000. UBS Group AG boosted its stake in shares of Nayax by 12,665.1% during the 4th quarter. UBS Group AG now owns 57,443 shares of the company’s stock worth $2,907,000 after acquiring an additional 56,993 shares in the last quarter. Finally, Altshuler Shaham Ltd grew its holdings in shares of Nayax by 5.0% in the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after acquiring an additional 1,731 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Company Profile

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.