Nayax (NASDAQ:NYAX) Insider Sells $32,445.00 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider Eden Zafrani sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $64.89, for a total value of $32,445.00. Following the completion of the sale, the insider directly owned 14,869 shares in the company, valued at approximately $964,849.41. The trade was a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Nayax Stock Performance

Nayax stock opened at $70.22 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a fifty day moving average of $67.86 and a two-hundred day moving average of $60.06. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 88.89 and a beta of 0.47. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86.

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 analysts’ consensus estimates 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 analyst estimates of $105.64 million. On average, analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NYAX. Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. William Blair reissued an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $78.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd lifted 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 worth $48,387,000 after acquiring an additional 25,694 shares during the period. Vanguard Group Inc. grew its holdings in Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after purchasing an additional 535,476 shares during the period. Goldman Sachs Group Inc. increased its position in Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after purchasing an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Nayax by 36.4% during the first 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 period. Finally, AltraVue Capital LLC purchased a new position in Nayax during the fourth quarter worth approximately $11,623,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.