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

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 1,252 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the completion of 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 position. The transaction was disclosed in a filing 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.

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 shares were sold at an average price of $63.94, for a total value of $112,150.76.

Nayax Stock Performance

NASDAQ NYAX opened at $70.22 on Friday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 88.89 and a beta of 0.47. Nayax Ltd. has a twelve month low of $39.17 and a twelve 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 stock has a 50-day moving average of $67.86 and a 200 day moving average of $60.06.

Nayax (NASDAQ:NYAX) last announced its 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 business had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Sell-side analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NYAX. Bank of America Corp DE boosted its stake in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares in the last quarter. Geode Capital Management LLC raised its holdings in Nayax by 19.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after acquiring an additional 5,523 shares during the last quarter. Legal & General Group Plc raised its holdings in Nayax by 18.6% in the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock valued at $711,000 after acquiring an additional 2,214 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted 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 purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Analyst Ratings Changes

NYAX has been the topic of several recent analyst reports. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday. William Blair reissued an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Jefferies Financial Group restated a “buy” rating and set a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. Keefe, Bruyette & Woods raised their price target 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. Finally, UBS Group lifted their price objective on Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nayax has a consensus rating of “Hold” and a consensus price target of $78.95.

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.