Insider Selling: Nayax (NASDAQ:NYAX) CEO Sells $128,512.43 in Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Carly Lisanne Furman sold 1,753 shares of Nayax stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $128,512.43. Following the sale, the chief executive officer directly owned 21,821 shares in the company, valued at approximately $1,599,697.51. The trade was a 7.44% decrease in their ownership of the stock. The sale was disclosed in a legal 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.

Nayax Stock Down 0.2%

Shares of NASDAQ NYAX opened at $68.12 on Friday. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 86.23 and a beta of 0.41. 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 stock’s 50-day simple moving average is $65.09 and its 200-day simple moving average is $57.07.

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). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The business had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. As a group, equities analysts anticipate that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NYAX shares. UBS Group lifted their target price on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Jefferies Financial Group reissued a “buy” rating and issued a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. Finally, Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $77.20.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Nayax by 9.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after purchasing an additional 330 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Nayax by 8.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock valued at $407,000 after purchasing an additional 594 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of Nayax during the second quarter valued at approximately $33,000. Finally, Geode Capital Management LLC grew its holdings in shares of Nayax by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after purchasing an additional 715 shares during the last quarter. 34.87% of the stock is owned by 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.