Nayax (NASDAQ:NYAX) Insider Sells $1,018,748.28 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi sold 13,596 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $74.93, for a total transaction of $1,018,748.28. Following the sale, the insider directly owned 6,604,308 shares of the company’s stock, valued at $494,860,798.44. The trade was a 0.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Ben-Avi also recently made the following trade(s):

• On Friday, May 29th, David Ben-Avi sold 16,590 shares of Nayax stock. The shares were sold at an average price of $76.48, for a total transaction of $1,268,803.20.

Nayax Trading Down 0.8%

Shares of NYAX opened at $68.26 on Thursday. The firm has a fifty day simple moving average of $64.85 and a two-hundred day simple moving average of $56.88. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. 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 stock has a market capitalization of $2.50 billion, a P/E ratio of 86.41 and a beta of 0.41.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The company had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. On average, research analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its stake in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new position in shares of Nayax in the 2nd quarter worth about $33,000. Bank of America Corp DE increased its stake in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in shares of Nayax in the 4th quarter worth about $69,000. Finally, Alliancebernstein L.P. purchased a new stake in Nayax during the 3rd quarter valued at about $128,000. 34.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Keefe, Bruyette & Woods raised their target price on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, UBS Group raised their target price on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.