Nayax (NASDAQ:NYAX) Insider Oren Tepper Sells 1,052 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) insider Oren Tepper sold 1,052 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $73.31, for a total value of $77,122.12. Following the transaction, the insider directly owned 19,392 shares in the company, valued at $1,421,627.52. This represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nayax Stock Performance

Shares of NYAX opened at $68.80 on Wednesday. The stock’s 50-day simple moving average is $64.49 and its 200 day simple moving average is $56.50. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 87.09 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. 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 data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The company had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Research analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on NYAX shares. Keefe, Bruyette & Woods increased their price objective on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, May 27th. UBS Group increased their price objective on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating and set a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. Finally, Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Three research 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.20.

Hedge Funds Weigh In On Nayax

Several institutional investors have recently modified their holdings of the company. Y.D. More Investments Ltd increased its position in shares of Nayax by 3.1% during the 1st 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. Vanguard Group Inc. increased its position in shares of Nayax by 4,022.5% during the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after purchasing an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after purchasing an additional 72,357 shares during the last quarter. Finally, AltraVue Capital LLC bought a new position in shares of Nayax during the 4th quarter valued at about $11,623,000. 34.87% of the stock is currently owned by institutional investors.

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.