Keren Sharir Sells 4,500 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) President Keren Sharir sold 4,500 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $71.80, for a total transaction of $323,100.00. Following the completion of the sale, the president directly owned 26,876 shares in the company, valued at $1,929,696.80. This represents a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nayax Trading Up 5.1%

NYAX opened at $74.31 on Thursday. The stock has a market capitalization of $2.72 billion, a PE ratio of 94.06 and a beta of 0.39. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $75.33. The firm’s fifty day moving average price is $63.67 and its 200 day moving average price is $55.78. 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 (NASDAQ:NYAX) last issued its 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 business 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, research analysts expect that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NYAX has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday. William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $77.20.

Institutional Trading of Nayax

Hedge funds have recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its position in Nayax by 3.2% during the fourth quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock valued at $42,399,000 after acquiring an additional 26,146 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Nayax by 57.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after acquiring an additional 72,354 shares in the last quarter. Legato Capital Management LLC bought a new position in Nayax during the fourth quarter valued at approximately $1,072,000. UBS Group AG raised its position in Nayax by 12,665.1% during the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after acquiring an additional 56,993 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. 34.87% of the stock is owned by hedge funds and other 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.