Nayax (NASDAQ:NYAX) Insider Sells $77,122.12 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Oren Tepper sold 1,052 shares of Nayax stock in a transaction on Monday, June 1st. The shares were sold at an average price of $73.31, for a total transaction of $77,122.12. Following the completion of the transaction, the insider owned 19,392 shares in the company, valued at approximately $1,421,627.52. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nayax Trading Down 0.2%

NASDAQ NYAX opened at $68.12 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The firm has a market cap of $2.49 billion, a PE ratio of 86.23 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 firm’s fifty day moving average is $65.09 and its two-hundred day moving average is $57.07.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. Analysts expect that Nayax Ltd. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Nayax

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its holdings 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 in the last quarter. Russell Investments Group Ltd. boosted its holdings in Nayax by 210.5% during 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 boosted its holdings in Nayax by 8.0% during 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 Nayax during the second quarter worth about $33,000. Finally, Geode Capital Management LLC boosted its holdings in Nayax by 2.0% during 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. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.