Nayax (NASDAQ:NYAX) Insider Gal Omer Sells 1,500 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Gal Omer sold 1,500 shares of Nayax stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $45.17, for a total value of $67,755.00. Following the sale, the insider owned 18,539 shares in the company, valued at $837,406.63. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nayax Stock Up 1.9%

Shares of NASDAQ NYAX opened at $43.74 on Friday. The business has a 50-day moving average price of $57.19 and a 200 day moving average price of $61.65. The stock has a market cap of $1.60 billion, a PE ratio of 208.29 and a beta of 0.43. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. Nayax Ltd. has a 52-week low of $39.17 and a 52-week high of $76.86.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $122.59 million during the quarter, compared to analysts’ expectations of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. Equities research analysts forecast that Nayax Ltd. will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Y.D. More Investments Ltd lifted its position in Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after acquiring an additional 25,694 shares during the period. Assenagon Asset Management S.A. grew its holdings in Nayax by 36.4% in the first 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 during the period. AltraVue Capital LLC purchased a new stake in Nayax in the fourth quarter worth about $11,623,000. UBS Group AG increased its stake in shares of 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 purchasing an additional 56,993 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its stake 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 in the last quarter. 34.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on NYAX. Barclays dropped their price objective on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 11th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, May 27th. Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Friday, August 14th. Weiss Ratings raised Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, UBS Group reiterated a “neutral” rating and issued a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Four 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $75.76.

Nayax Company Profile

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company’s products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.