Nayax (NASDAQ:NYAX) CFO Sagit Manor Sells 214 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 214 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $63.86, for a total transaction of $13,666.04. Following the transaction, the chief financial officer directly owned 46,490 shares of the company’s stock, valued at $2,968,851.40. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Friday, June 26th, Sagit Manor sold 79 shares of Nayax stock. The stock was sold at an average price of $64.02, for a total transaction of $5,057.58.
• On Thursday, June 4th, Sagit Manor sold 489 shares of Nayax stock. The stock was sold at an average price of $68.06, for a total transaction of $33,281.34.
• On Monday, May 18th, Sagit Manor sold 251 shares of Nayax stock. The shares were 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 Stock Performance

Shares of NYAX traded up $1.54 during mid-day trading on Tuesday, hitting $65.61. The stock had a trading volume of 5,180 shares, compared to its average volume of 19,337. The firm has a market cap of $2.40 billion, a P/E ratio of 83.05 and a beta of 0.41. The business has a fifty day moving average price of $67.50 and a 200-day moving average price of $59.53. 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 issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. On average, equities research analysts expect that Nayax Ltd. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Oppenheimer upgraded shares of 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. William Blair reaffirmed an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, UBS Group increased their price objective on Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $78.95.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new position in Nayax in the 2nd quarter worth about $33,000. Bank of America Corp DE increased its stake in Nayax by 254.9% in the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 956 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of Nayax in the 4th quarter valued at about $69,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Nayax during the 3rd quarter valued at about $128,000. 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.