David Ben-Avi Sells 16,590 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 16,590 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $76.48, for a total transaction of $1,268,803.20. Following the completion of the sale, the insider directly owned 6,587,718 shares of the company’s stock, valued at $503,828,672.64. The trade was a 0.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

David Ben-Avi also recently made the following trade(s):

• On Thursday, May 28th, David Ben-Avi sold 13,596 shares of Nayax stock. The shares were sold at an average price of $74.93, for a total value of $1,018,748.28.

Nayax Stock Down 6.6%

Shares of Nayax stock opened at $68.80 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.52 billion, a P/E ratio of 87.09 and a beta of 0.41. The firm’s 50 day moving average price is $64.49 and its 200-day moving average price is $56.50. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The business had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. On average, sell-side analysts predict that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in Nayax by 9.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after buying an additional 330 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Nayax by 8.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock valued at $407,000 after acquiring an additional 594 shares during the last quarter. Osaic Holdings Inc. acquired a new position in shares of Nayax during the 2nd quarter valued at about $33,000. Finally, Geode Capital Management LLC grew its holdings in shares of Nayax by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after purchasing an additional 715 shares during the period. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on NYAX shares. Keefe, Bruyette & Woods lifted their price target on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 target price on shares of Nayax in a research note on Thursday, May 14th. Finally, UBS Group increased their price target on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.20.

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.