Nayax (NASDAQ:NYAX) CFO Sells 1,252 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) CFO Sagit Manor sold 1,252 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48. Following the sale, the chief financial officer directly owned 45,238 shares in the company, valued at $3,019,184.12. The trade was a 2.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, 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 transaction of $5,057.58.
• On Thursday, June 4th, Sagit Manor sold 489 shares of Nayax stock. The stock was sold at an average price of $68.06, for a total transaction 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 NYAX stock opened at $67.76 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $67.62 and a 200-day moving average price of $59.82. Nayax Ltd. has a 52 week low of $39.17 and a 52 week high of $76.86. The firm has a market capitalization of $2.48 billion, a PE ratio of 85.77 and a beta of 0.41.

Nayax (NASDAQ:NYAX) last posted 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). The firm had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. As a group, equities research analysts expect that Nayax Ltd. will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

A number of institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd lifted its holdings in shares of Nayax by 3.2% in the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock worth $42,399,000 after buying an additional 26,146 shares during the period. Legato Capital Management LLC purchased a new position in shares of Nayax during the fourth quarter valued at $1,072,000. Assenagon Asset Management S.A. raised its holdings in shares of Nayax by 57.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after acquiring an additional 72,354 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Nayax by 140.0% in the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after acquiring an additional 20,121 shares in the last quarter. Finally, AltraVue Capital LLC purchased a new stake in Nayax in the fourth quarter worth about $11,623,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. UBS Group lifted their target price on Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Jefferies Financial Group restated a “buy” rating and set a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.