Erez Amnipour Sells 231 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider Erez Amnipour sold 231 shares of Nayax stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $67.00, for a total transaction of $15,477.00. Following the completion of the transaction, the insider directly owned 16,627 shares in the company, valued at approximately $1,114,009. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nayax Stock Performance

NASDAQ:NYAX opened at $67.03 on Friday. The stock has a market cap of $2.45 billion, a P/E ratio of 84.85 and a beta of 0.39. The firm’s fifty day simple moving average is $62.77 and its 200 day simple moving average is $54.98. Nayax Ltd. has a twelve month low of $38.50 and a twelve month high of $75.00. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The company 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, research analysts predict that Nayax Ltd. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and set a $79.80 target price on shares of Nayax in a report on Thursday, May 14th. UBS Group boosted their target price on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. William Blair restated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.27.

Institutional Trading of Nayax

A number of hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd boosted its holdings 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 valued at $48,387,000 after buying an additional 25,694 shares in the last quarter. Vanguard Group Inc. boosted its stake in Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after purchasing an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Nayax by 36.4% during the 1st 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 in the last quarter. Finally, AltraVue Capital LLC purchased a new position in Nayax in the fourth quarter worth about $11,623,000. 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.