Nayax (NASDAQ:NYAX) Insider Sells $15,477.00 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Erez Amnipour sold 231 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $67.00, for a total transaction of $15,477.00. Following the completion of the sale, the insider owned 16,627 shares in the company, valued at $1,114,009. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nayax Stock Performance

Shares of NASDAQ:NYAX opened at $67.98 on Friday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 86.05 and a beta of 0.39. The firm’s 50 day simple moving average is $62.97 and its 200 day simple moving average is $55.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. Nayax Ltd. has a fifty-two week low of $38.50 and a fifty-two week high of $75.00.

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). The firm 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%. As a group, sell-side analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. 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. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $79.80 target price on shares of Nayax in a research note on Thursday, May 14th. Two 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, Nayax has a consensus rating of “Hold” and an average price target of $74.27.

Institutional Trading of Nayax

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased 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 purchasing an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new stake in Nayax during the 2nd quarter worth approximately $33,000. Bank of America Corp DE grew its stake in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in shares of Nayax during the 4th quarter worth approximately $69,000. Finally, Alliancebernstein L.P. bought a new position in shares of Nayax during the 3rd quarter worth approximately $128,000. 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.