Insider Selling: Nayax (NASDAQ:NYAX) CFO Sells 251 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 251 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $64.58, for a total transaction of $16,209.58. Following the transaction, the chief financial officer owned 47,272 shares in the company, valued at approximately $3,052,825.76. This trade represents a 0.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sagit Manor also recently made the following trade(s):

• On Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76.

Nayax Trading Up 0.6%

NYAX opened at $63.78 on Tuesday. Nayax Ltd. has a 1-year low of $38.50 and a 1-year high of $74.83. The stock has a market capitalization of $2.33 billion, a PE ratio of 80.73 and a beta of 0.39. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $62.19 and a two-hundred day moving average price of $54.45.

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

Analyst Upgrades and Downgrades

NYAX has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 price objective on shares of Nayax in a research report on Thursday. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Two investment 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.com, the company presently has an average rating of “Hold” and an average target price of $74.27.

Hedge Funds Weigh In On Nayax

Several hedge funds have recently added to or reduced their stakes in NYAX. Public Employees Retirement System of Ohio grew its position in shares of Nayax by 9.3% during the 4th 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 during the period. Russell Investments Group Ltd. boosted its stake in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock valued at $407,000 after purchasing an additional 594 shares in the last quarter. Osaic Holdings Inc. bought a new stake in Nayax in the second quarter valued at approximately $33,000. Finally, Geode Capital Management LLC increased its stake in Nayax by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after purchasing an additional 715 shares in the last quarter. Institutional investors and hedge funds 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.