Sagit Manor Sells 489 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 489 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $68.06, for a total value of $33,281.34. Following the sale, the chief financial officer owned 46,783 shares in the company, valued at $3,184,050.98. The trade was a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Monday, May 18th, Sagit Manor sold 251 shares of Nayax stock. The stock was sold at an average price of $64.58, for a total value of $16,209.58.
• On Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total value of $112,150.76.

Nayax Price Performance

Shares of NYAX stock opened at $64.25 on Wednesday. The stock’s fifty day moving average is $65.70 and its 200-day moving average is $57.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market capitalization of $2.35 billion, a PE ratio of 81.33 and a beta of 0.41. Nayax Ltd. has a 52 week low of $39.17 and a 52 week high of $76.86.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Equities research analysts expect that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NYAX. Keefe, Bruyette & Woods upped their price target on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price target on shares of Nayax in a research note on Thursday, May 14th. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 27th. Finally, UBS Group upped their price target on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research note 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $77.20.

Institutional Investors Weigh In On Nayax

A number of hedge funds have recently modified their holdings of NYAX. Russell Investments Group Ltd. raised its position in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of Nayax during the second quarter worth about $33,000. Bank of America Corp DE raised its position in shares of 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. Smartleaf Asset Management LLC acquired a new stake in shares of Nayax during the fourth quarter worth about $69,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Nayax during the third quarter worth about $128,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Company Profile

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.