Nayax (NASDAQ:NYAX) Insider Aaron Samuel Greenberg Sells 440 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 440 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $32,256.40. Following the completion of the sale, the insider directly owned 25,915 shares in the company, valued at approximately $1,899,828.65. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aaron Samuel Greenberg also recently made the following trade(s):

• On Monday, May 4th, Aaron Samuel Greenberg sold 276 shares of Nayax stock. The stock was sold at an average price of $70.43, for a total value of $19,438.68.
• On Wednesday, April 22nd, Aaron Samuel Greenberg sold 1,002 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total value of $64,067.88.

Nayax Trading Down 6.6%

NASDAQ NYAX opened at $68.80 on Wednesday. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $76.86. The stock has a market cap of $2.52 billion, a P/E ratio of 87.09 and a beta of 0.41. The stock’s fifty day moving average price is $64.49 and its 200-day moving average price is $56.50. 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 released its 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). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The company had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. As a group, equities analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NYAX. Keefe, Bruyette & Woods increased their target price on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. William Blair reissued an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Nayax has an average rating of “Hold” and an average target price of $77.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NYAX. Vanguard Group Inc. lifted its holdings in shares of Nayax by 4,022.5% during the third 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 in the last quarter. AltraVue Capital LLC bought a new position in shares of Nayax during the fourth quarter valued at $11,623,000. Goldman Sachs Group Inc. lifted its holdings in shares of Nayax by 43.9% during the first 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 in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Nayax by 36.4% during the first 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 in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Nayax by 12,665.1% during the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after purchasing an additional 56,993 shares in the last quarter. 34.87% of the stock is owned by institutional investors.

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.