Oren Tepper Sells 260 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider Oren Tepper sold 260 shares of Nayax stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $68.06, for a total transaction of $17,695.60. Following the sale, the insider owned 19,132 shares of the company’s stock, valued at approximately $1,302,123.92. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oren Tepper also recently made the following trade(s):

• On Monday, June 1st, Oren Tepper sold 1,052 shares of Nayax stock. The shares were sold at an average price of $73.31, for a total transaction of $77,122.12.

Nayax Price Performance

NYAX stock opened at $64.25 on Wednesday. The firm has a 50 day moving average of $65.70 and a 200-day moving average of $57.56. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86. 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 company has a market cap of $2.35 billion, a price-to-earnings ratio of 81.33 and a beta of 0.41.

Nayax (NASDAQ:NYAX) last posted its quarterly 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). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The company had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. As a group, equities analysts expect that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Institutional Trading of Nayax

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake 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 acquiring an additional 400 shares during the period. Osaic Holdings Inc. purchased a new stake in shares of Nayax during the 2nd quarter valued at $33,000. Bank of America Corp DE grew its stake in shares of Nayax by 254.9% during the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after buying an additional 956 shares during the period. Smartleaf Asset Management LLC purchased a new stake in shares of Nayax during the 4th quarter valued at $69,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Nayax during the 3rd quarter valued at $128,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on NYAX shares. William Blair reissued an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Jefferies Financial Group restated a “buy” rating and set a $79.80 price objective on shares of Nayax in a research report on Thursday, May 14th. Finally, Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.20.

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.