Nayax (NASDAQ:NYAX) Insider Sells $1,268,803.20 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 16,590 shares of the firm’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 value of $1,268,803.20. Following the transaction, the insider owned 6,587,718 shares of the company’s stock, valued at $503,828,672.64. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $74.93, for a total value of $1,018,748.28.

Nayax Price Performance

Nayax stock opened at $68.26 on Thursday. 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 $2.50 billion, a PE ratio of 86.41 and a beta of 0.41. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86. The business has a 50 day simple moving average of $64.85 and a 200 day simple moving average of $56.88.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 EPS 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 return on equity of 14.09% and a net margin of 6.95%. On average, sell-side analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. UBS Group raised their price target on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods raised their price target on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, May 27th. Three equities research 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. According to data from MarketBeat.com, Nayax has an average rating of “Hold” and a consensus target price of $77.20.

Institutional Investors Weigh In On Nayax

A number of hedge funds and other institutional investors have recently bought and sold shares of NYAX. Y.D. More Investments Ltd lifted its holdings in Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after buying an additional 25,694 shares in the last quarter. Vanguard Group Inc. boosted its position in Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after buying an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Nayax by 43.9% in the 1st 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 last quarter. Assenagon Asset Management S.A. boosted its position in Nayax by 36.4% in the 1st 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 bought a new position in Nayax in the 4th quarter valued at $11,623,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.