Nayax (NASDAQ:NYAX) Insider Sells $19,052.28 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Aaron Samuel Greenberg sold 276 shares of Nayax stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $69.03, for a total transaction of $19,052.28. Following the completion of the transaction, the insider directly owned 25,279 shares in the company, valued at approximately $1,745,009.37. The trade was a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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, June 29th, Aaron Samuel Greenberg sold 54 shares of Nayax stock. The shares were sold at an average price of $63.85, for a total transaction of $3,447.90.
• On Thursday, June 4th, Aaron Samuel Greenberg sold 306 shares of Nayax stock. The stock was sold at an average price of $68.06, for a total transaction of $20,826.36.
• On Monday, June 1st, Aaron Samuel Greenberg sold 440 shares of Nayax stock. The stock was sold at an average price of $73.31, for a total value of $32,256.40.

Nayax Stock Performance

NYAX opened at $68.27 on Friday. The business’s 50-day moving average price is $66.97 and its two-hundred day moving average price is $62.84. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 86.42 and a beta of 0.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data 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). The firm had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Equities analysts expect that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NYAX shares. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. 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 report on Wednesday, May 27th. UBS Group raised their target price 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. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $78.16.

Institutional Investors Weigh In On Nayax

Several large investors have recently made changes to their positions in NYAX. Russell Investments Group Ltd. raised its position in Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in Nayax in the 2nd quarter valued at about $33,000. Bank of America Corp DE grew its holdings in Nayax by 254.9% during the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after purchasing an additional 956 shares during the period. Smartleaf Asset Management LLC acquired a new position in Nayax during the fourth quarter worth approximately $69,000. Finally, Alliancebernstein L.P. acquired a new position in Nayax during the third quarter worth approximately $128,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.