Nayax (NASDAQ:NYAX) Insider Oren Tepper Sells 260 Shares

Nayax Ltd. (NASDAQ:NYAX) insider Oren Tepper sold 260 shares of Nayax stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $68.06, for a total value of $17,695.60. Following the completion of the sale, the insider directly owned 19,132 shares in the company, valued at $1,302,123.92. This represents a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Oren Tepper also recently made the following trade(s):

• On Monday, June 1st, Oren Tepper sold 1,052 shares of Nayax stock. The shares were sold at an average price of $73.31, for a total value of $77,122.12.

Nayax Price Performance

Shares of NYAX opened at $65.64 on Tuesday. The stock’s 50 day moving average is $65.50 and its two-hundred day moving average is $57.42. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.40 billion, a PE ratio of 83.09 and a beta of 0.41.

Nayax (NASDAQ:NYAX) last posted its quarterly 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 for the quarter, compared to analyst estimates of $105.64 million. Research analysts anticipate that Nayax Ltd. will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after purchasing an additional 8,727 shares during the last quarter. Altshuler Shaham Ltd raised its position in shares of Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,731 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Nayax by 3.1% during the 1st 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 during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after purchasing an additional 72,357 shares during the last quarter. Finally, Amundi acquired a new position in shares of Nayax during the 4th quarter worth approximately $302,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NYAX shares. 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 research report on Wednesday, May 27th. William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. UBS Group lifted their price target 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. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Three equities 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.com, the company currently has a consensus 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.