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

Nayax Ltd. (NASDAQ:NYAX) insider Gal Omer sold 1,500 shares of the stock in a transaction that occurred on 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. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Nayax Trading Down 1.1%

NASDAQ:NYAX opened at $43.27 on Friday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 206.05 and a beta of 0.43. The business has a 50 day simple moving average of $56.74 and a 200 day simple moving average of $61.52. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $122.59 million for 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 predict that Nayax Ltd. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NYAX. Y.D. More Investments Ltd lifted its position in Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after purchasing an additional 25,694 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after buying an additional 72,357 shares in the last quarter. AltraVue Capital LLC bought a new stake in shares of Nayax in the 4th quarter worth $11,623,000. UBS Group AG lifted 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 buying an additional 56,993 shares during the period. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Nayax by 5.0% in the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after buying an additional 1,731 shares during the period. Institutional investors and hedge funds own 34.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 27th. Weiss Ratings upgraded Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Barclays reduced their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods raised Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Friday, August 14th. Finally, UBS Group reissued a “neutral” rating and set a $70.00 price target on shares of Nayax in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $75.76.

About Nayax

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.