Insider Selling: Nayax (NASDAQ:NYAX) Insider Sells 276 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Greenberg sold 276 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $48.55, for a total value of $13,399.80. Following the sale, the insider owned 24,872 shares of the company’s stock, valued at $1,207,535.60. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aaron Samuel Greenberg also recently made the following trade(s):

• On Monday, September 28th, Aaron Greenberg sold 54 shares of Nayax stock. The shares were sold at an average price of $44.63, for a total value of $2,410.02.
• On Friday, September 4th, Aaron Greenberg sold 77 shares of Nayax stock. The stock was sold at an average price of $52.31, for a total transaction of $4,027.87.

Nayax Stock Up 1.1%

Shares of NASDAQ NYAX traded up $0.52 during mid-day trading on Tuesday, reaching $49.08. The company had a trading volume of 2,099 shares, compared to its average volume of 20,944. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 233.69 and a beta of 0.46. The stock has a fifty day moving average of $47.80 and a two-hundred day moving average of $58.44. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Nayax had a net margin of 1.74% and a return on equity of 10.45%. The firm had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million. As a group, equities research analysts expect that Nayax Ltd. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Y.D. More Investments Ltd lifted its stake in shares of Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after buying an additional 25,694 shares during the period. Altshuler Shaham Ltd increased its stake in 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 acquiring an additional 1,731 shares during the period. Tidal Investments LLC acquired a new position in Nayax in the 2nd quarter valued at approximately $650,000. Bank of America Corp DE raised its holdings in Nayax by 1,607.2% in 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 in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Nayax in the 2nd quarter valued at approximately $239,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NYAX shares. Barclays dropped their price target 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. UBS Group restated a “neutral” rating and issued a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Weiss Ratings lowered Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Jefferies Financial Group began coverage on Nayax in a research note on Wednesday, October 7th. They set a “buy” rating and a $68.30 price target for the company. Finally, Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nayax currently has an average rating of “Moderate Buy” and a consensus target price of $73.46.

Nayax Company Profile

Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.

The company’s products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax’s technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.

Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.