Nayax (NASDAQ:NYAX) CFO Sagit Manor Sells 489 Shares

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 489 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $68.06, for a total transaction of $33,281.34. Following the sale, the chief financial officer owned 46,783 shares in the company, valued at approximately $3,184,050.98. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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, May 18th, Sagit Manor sold 251 shares of Nayax stock. The shares were sold at an average price of $64.58, for a total transaction of $16,209.58.
• On Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76.

Nayax Price Performance

Nayax stock opened at $65.00 on Monday. The firm has a market capitalization of $2.38 billion, a P/E ratio of 82.28 and a beta of 0.41. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The stock’s fifty day simple moving average is $65.29 and its 200-day simple moving average is $57.24.

Nayax (NASDAQ:NYAX) last released 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 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 analysts’ expectations of $105.64 million. As a group, equities analysts expect that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several institutional investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd raised its holdings in Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after purchasing an additional 25,694 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after buying an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after buying an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after buying an additional 72,357 shares during the last quarter. Finally, AltraVue Capital LLC acquired a new stake in Nayax during the 4th quarter worth $11,623,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Wall Street Analyst Weigh In

NYAX has been the subject of a number of analyst reports. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Wednesday, May 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 price target on shares of Nayax in a research note on Thursday, May 14th. Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group increased their price objective on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.