Insider Selling: Nayax (NASDAQ:NYAX) CFO Sells $33,281.34 in Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 489 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $68.06, for a total value of $33,281.34. Following the transaction, the chief financial officer directly owned 46,783 shares in the company, valued at approximately $3,184,050.98. The trade was a 1.03% decrease in their position. The sale was disclosed in a legal 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, 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 $65.00 on Monday. The company has a market capitalization of $2.38 billion, a PE ratio of 82.28 and a beta of 0.41. Nayax Ltd. has a 52-week low of $39.17 and a 52-week high of $76.86. The stock’s 50 day moving average price is $65.29 and its 200 day moving average price is $57.24. 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 quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. On average, research analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current year.

Analyst Ratings Changes

NYAX has been the subject of a number of recent research reports. UBS Group increased their price target on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Keefe, Bruyette & Woods increased their target price 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. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.20.

Hedge Funds Weigh In On Nayax

Hedge funds and other institutional investors have recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its stake in shares of Nayax by 3.2% in the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock worth $42,399,000 after acquiring an additional 26,146 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Nayax by 57.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after acquiring an additional 72,354 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of Nayax during the fourth quarter worth about $1,072,000. AltraVue Capital LLC purchased a new position in Nayax during the fourth quarter worth about $11,623,000. Finally, UBS Group AG raised its holdings in Nayax by 12,665.1% during the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock worth $2,907,000 after purchasing an additional 56,993 shares in the last quarter. 34.87% of the stock is currently owned by hedge funds and other 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.