Aaron Samuel Greenberg Sells 440 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 440 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $32,256.40. Following the transaction, the insider directly owned 25,915 shares in the company, valued at approximately $1,899,828.65. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, May 4th, Aaron Samuel Greenberg sold 276 shares of Nayax stock. The stock was sold at an average price of $70.43, for a total transaction of $19,438.68.
• On Wednesday, April 22nd, Aaron Samuel Greenberg sold 1,002 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total transaction of $64,067.88.

Nayax Stock Down 0.8%

Shares of NASDAQ NYAX opened at $68.26 on Thursday. The firm has a market cap of $2.50 billion, a PE ratio of 86.41 and a beta of 0.41. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86. The company’s fifty day simple moving average is $64.85 and its 200 day simple moving average is $56.88. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). The company had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. As a group, sell-side analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods raised 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.80 price objective on shares of Nayax in a research note on Thursday, May 14th. UBS Group raised their price objective on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $77.20.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NYAX. Vanguard Group Inc. lifted its stake in shares of Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after buying an additional 535,476 shares in the last quarter. AltraVue Capital LLC bought a new position in shares of Nayax in the fourth quarter valued at $11,623,000. Goldman Sachs Group Inc. lifted its stake in shares of Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after buying an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after purchasing an additional 72,357 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Nayax by 12,665.1% in 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 during the last quarter. 34.87% of the stock is owned by institutional investors.

About Nayax

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.