Nayax (NASDAQ:NYAX) Insider Sells $17,695.60 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Oren Tepper sold 260 shares of Nayax stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $68.06, for a total transaction of $17,695.60. Following the completion of the sale, the insider owned 19,132 shares in the company, valued at $1,302,123.92. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oren Tepper also recently made the following trade(s):

• On Monday, June 1st, Oren Tepper sold 1,052 shares of Nayax stock. The stock was sold at an average price of $73.31, for a total transaction of $77,122.12.

Nayax Stock Performance

Shares of NYAX opened at $65.00 on Monday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 82.28 and a beta of 0.41. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $76.86. The firm has a fifty day simple moving average of $65.29 and a 200 day simple moving average of $57.24. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53.

Nayax (NASDAQ:NYAX) last issued its quarterly 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 during the quarter, compared to analyst estimates of $105.64 million. Research analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd grew its holdings 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 purchasing an additional 25,694 shares during the period. Vanguard Group Inc. increased its position in Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after buying an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after buying an additional 89,886 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after buying an additional 72,357 shares during the last quarter. Finally, AltraVue Capital LLC acquired a new stake in shares of Nayax in the fourth quarter valued at approximately $11,623,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NYAX shares. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 target price on shares of Nayax in a report on Thursday, May 14th. William Blair restated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. UBS Group increased their price objective on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Finally, Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Nayax currently has an average rating of “Hold” and a consensus price target of $77.20.

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.