Insider Selling: Nayax (NASDAQ:NYAX) CEO Sells 382 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Carly Lisanne Furman sold 382 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $68.08, for a total transaction of $26,006.56. Following the completion of the sale, the chief executive officer directly owned 21,439 shares in the company, valued at $1,459,567.12. This represents a 1.75% 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.

Carly Lisanne Furman also recently made the following trade(s):

• On Monday, June 1st, Carly Lisanne Furman sold 1,753 shares of Nayax stock. The shares were sold at an average price of $73.31, for a total transaction of $128,512.43.

Nayax Stock Performance

Shares of NYAX stock opened at $65.00 on Monday. 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 capitalization of $2.38 billion, a price-to-earnings ratio of 82.28 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 company has a 50 day moving average price of $65.29 and a 200 day moving average price of $57.24.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on NYAX shares. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Keefe, Bruyette & Woods upped their price target on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and issued a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. UBS Group boosted their target price on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Nayax has an average rating of “Hold” and a consensus target price of $77.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the period. Goldman Sachs Group Inc. increased its stake in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after buying an additional 89,886 shares during the period. Geode Capital Management LLC increased its stake in Nayax by 19.7% during the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock worth $1,685,000 after buying an additional 5,523 shares during the period. Legal & General Group Plc lifted its holdings in Nayax by 18.6% in the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock worth $711,000 after buying an additional 2,214 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Nayax by 210.5% in the 2nd 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. 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.