Nayax (NASDAQ:NYAX) Insider David Ben-Avi Sells 16,590 Shares

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 16,590 shares of Nayax stock in a transaction on Friday, May 29th. The stock was sold at an average price of $76.48, for a total transaction of $1,268,803.20. Following the transaction, the insider owned 6,587,718 shares in the company, valued at approximately $503,828,672.64. This trade represents a 0.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

David Ben-Avi also recently made the following trade(s):

• On Thursday, May 28th, David Ben-Avi sold 13,596 shares of Nayax stock. The stock was sold at an average price of $74.93, for a total transaction of $1,018,748.28.

Nayax Price Performance

Shares of NASDAQ:NYAX opened at $73.63 on Tuesday. The firm has a market cap of $2.70 billion, a PE ratio of 93.20 and a beta of 0.41. The firm’s fifty day moving average is $64.49 and its 200-day moving average is $56.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. Nayax Ltd. has a 52 week low of $39.17 and a 52 week high of $76.86.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business 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%. Sell-side analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Several institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,694 shares during the period. Vanguard Group Inc. raised its holdings in shares of Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after purchasing an additional 535,476 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Nayax by 36.4% during 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 period. Finally, AltraVue Capital LLC acquired a new position in shares of Nayax during the fourth quarter valued at about $11,623,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NYAX shares. UBS Group lifted their price target on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, May 27th. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods lifted 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. Finally, William Blair reissued an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Three investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $77.20.

Nayax Company Profile

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.