Insider Selling: Nayax (NASDAQ:NYAX) CEO Sells $26,006.56 in Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Carly Lisanne Furman sold 382 shares of Nayax stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $68.08, for a total value of $26,006.56. Following the transaction, the chief executive officer owned 21,439 shares in the company, valued at approximately $1,459,567.12. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $73.31, for a total value of $128,512.43.

Nayax Stock Performance

NYAX stock opened at $63.73 on Thursday. The business’s 50-day moving average price is $65.89 and its two-hundred day moving average price is $57.70. 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 firm has a market cap of $2.33 billion, a PE ratio of 80.67 and a beta of 0.41. Nayax Ltd. has a 1-year low of $39.17 and a 1-year high of $76.86.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share 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%. As a group, research analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, May 27th. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods boosted their price target on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $77.20.

Institutional Trading of Nayax

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after acquiring an additional 8,727 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in Nayax by 5.0% during the first 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 in the last quarter. Y.D. More Investments Ltd increased its position 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. Assenagon Asset Management S.A. increased its position in Nayax by 36.4% during the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after buying an additional 72,357 shares during the last quarter. Finally, Amundi acquired a new position in Nayax during the fourth quarter worth approximately $302,000. Institutional investors own 34.87% of the company’s stock.

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.