Nayax (NASDAQ:NYAX) CFO Sagit Manor Sells 1,252 Shares

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 1,252 shares of Nayax stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48. Following the sale, the chief financial officer owned 45,238 shares in the company, valued at approximately $3,019,184.12. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Monday, June 29th, Sagit Manor sold 214 shares of Nayax stock. The shares were sold at an average price of $63.86, for a total transaction of $13,666.04.
• On Friday, June 26th, Sagit Manor sold 79 shares of Nayax stock. The shares were sold at an average price of $64.02, for a total transaction of $5,057.58.
• On Thursday, June 4th, Sagit Manor sold 489 shares of Nayax stock. The stock was sold at an average price of $68.06, for a total transaction of $33,281.34.
• On Monday, May 18th, Sagit Manor sold 251 shares of Nayax stock. The shares were sold at an average price of $64.58, for a total value of $16,209.58.
• 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 value of $112,150.76.

Nayax Stock Up 3.6%

Shares of NYAX opened at $70.22 on Friday. The stock’s 50-day moving average price is $67.74 and its two-hundred day moving average price is $59.99. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $76.86. The company has a market capitalization of $2.57 billion, a PE ratio of 88.89 and a beta of 0.47. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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. On average, analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current year.

Institutional Trading of Nayax

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after acquiring an additional 8,727 shares during the period. Altshuler Shaham Ltd raised its holdings in shares of Nayax by 5.0% during the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,731 shares during the period. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,694 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after purchasing an additional 72,357 shares in the last quarter. Finally, Amundi acquired a new stake in shares of Nayax in the 4th quarter valued at about $302,000. Institutional investors own 34.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NYAX. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, May 27th. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 price objective on shares of Nayax in a research report on Thursday, May 14th. William Blair restated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. UBS Group upped their price target on shares of Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $78.95.

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.