Nayax (NASDAQ:NYAX) Insider David Ben-Avi Sells 13,596 Shares

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 13,596 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $74.93, for a total value of $1,018,748.28. Following the transaction, the insider owned 6,604,308 shares of the company’s stock, valued at approximately $494,860,798.44. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, May 29th, David Ben-Avi sold 16,590 shares of Nayax stock. The shares were sold at an average price of $76.48, for a total value of $1,268,803.20.

Nayax Stock Down 2.9%

NYAX stock opened at $73.63 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market capitalization of $2.70 billion, a P/E ratio of 93.20 and a beta of 0.41. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The business has a 50-day moving average of $64.49 and a 200-day moving average of $56.50.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) 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 analyst estimates of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. On average, sell-side analysts anticipate that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NYAX has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods boosted their price target on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, UBS Group upped their price objective on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.20.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Nayax by 1,607.2% in the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after buying an additional 8,727 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in shares of Nayax by 5.0% during the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after acquiring an additional 1,731 shares during the period. Y.D. More Investments Ltd grew its position in shares of Nayax by 3.1% in 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 last quarter. Assenagon Asset Management S.A. grew its position in shares of Nayax by 36.4% in 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 last quarter. Finally, Amundi bought a new position in shares of Nayax during the fourth quarter worth approximately $302,000. Institutional investors own 34.87% of the company’s stock.

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.