Nayax (NASDAQ:NYAX) CEO Sells $128,512.43 in Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Carly Lisanne Furman sold 1,753 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $128,512.43. Following the completion of the sale, the chief executive officer owned 21,821 shares of the company’s stock, valued at approximately $1,599,697.51. The trade was a 7.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nayax Stock Down 7.0%

Shares of NASDAQ NYAX traded down $5.15 during trading on Tuesday, hitting $68.48. The stock had a trading volume of 26,561 shares, compared to its average volume of 36,825. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $76.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The company has a market capitalization of $2.51 billion, a PE ratio of 93.20 and a beta of 0.41. The firm has a fifty day moving average of $64.49 and a two-hundred day moving average of $56.50.

Nayax (NASDAQ:NYAX) last posted its quarterly 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 company had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. As a group, equities research analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several institutional investors have recently added to or reduced their stakes in NYAX. Public Employees Retirement System of Ohio lifted its holdings in shares of Nayax by 9.3% in 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 in the last quarter. Russell Investments Group Ltd. lifted its holdings 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. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after buying an additional 594 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Nayax in the second quarter worth about $33,000. Finally, Geode Capital Management LLC lifted 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 worth $1,825,000 after buying an additional 715 shares in the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NYAX shares. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Oppenheimer raised shares of 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. William Blair reaffirmed an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Finally, UBS Group upped their price objective on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nayax presently has an average 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.