Insider Selling: Nayax (NASDAQ:NYAX) CFO Sells $83,558.48 in Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 1,252 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $66.74, for a total value of $83,558.48. Following the completion of the sale, the chief financial officer owned 45,238 shares in the company, valued at approximately $3,019,184.12. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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, June 29th, Sagit Manor sold 214 shares of Nayax stock. The stock was sold at an average price of $63.86, for a total value of $13,666.04.
• On Friday, June 26th, Sagit Manor sold 79 shares of Nayax stock. The stock was sold at an average price of $64.02, for a total value of $5,057.58.
• On Thursday, June 4th, Sagit Manor sold 489 shares of Nayax stock. The shares were sold at an average price of $68.06, for a total value of $33,281.34.
• 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

Shares of Nayax stock opened at $70.22 on Friday. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86. The company has a market cap of $2.57 billion, a PE ratio of 88.89 and a beta of 0.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The business has a 50-day simple moving average of $67.86 and a 200-day simple moving average of $60.06.

Nayax (NASDAQ:NYAX) last released its earnings results 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). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The firm had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. On average, equities research analysts forecast that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in Nayax by 210.5% during the 2nd 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. purchased a new position in shares of Nayax during the second quarter worth about $33,000. Bank of America Corp DE grew its holdings in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Nayax during the fourth quarter worth about $69,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Nayax in the 3rd quarter valued at about $128,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NYAX shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price objective on shares of Nayax in a research report on Thursday, May 14th. William Blair reissued an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Keefe, Bruyette & Woods lifted their price target on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Finally, UBS Group upped their price objective on Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Three research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $78.95.

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.