Nayax (NASDAQ:NYAX) Shares Gap Down – Should You Sell?

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $68.00, but opened at $64.02. Nayax shares last traded at $64.3070, with a volume of 1,675 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. UBS Group increased their target price on Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $78.95.

Nayax Stock Down 6.4%

The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 80.58 and a beta of 0.41. The stock’s fifty day moving average price is $67.52 and its 200-day moving average price is $59.30.

Nayax (NASDAQ:NYAX) last announced 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). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The company had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. On average, sell-side analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other Nayax news, President Keren Sharir sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $71.80, for a total value of $323,100.00. Following the sale, the president owned 26,876 shares in the company, valued at $1,929,696.80. This represents a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sagit Manor sold 1,754 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $112,150.76. Following the transaction, the chief financial officer directly owned 47,523 shares in the company, valued at $3,038,620.62. The trade was a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 47,901 shares of company stock valued at $3,496,580.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NYAX. Y.D. More Investments Ltd boosted its stake in Nayax by 3.2% in the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock valued at $42,399,000 after purchasing an additional 26,146 shares during the period. Legato Capital Management LLC bought a new position in Nayax during the 4th quarter worth $1,072,000. Assenagon Asset Management S.A. lifted its holdings in shares of Nayax by 57.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock worth $10,044,000 after buying an additional 72,354 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Nayax by 140.0% during the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock worth $1,742,000 after buying an additional 20,121 shares in the last quarter. Finally, AltraVue Capital LLC bought a new stake in shares of Nayax in the fourth quarter valued at about $11,623,000. 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.