Key Points
- Nayax CFO Sagit Manor sold 251 shares on May 18 at an average price of $64.58, totaling about $16,210. The sale was disclosed in an SEC filing and was made to cover tax withholding related to vesting equity awards.
- After the transaction, Manor still directly owned 47,272 shares valued at roughly $3.05 million, a 0.53% decrease in the position. The article also notes a prior sale of 1,754 shares on April 22.
- Nayax stock rose 5% and opened at $67.00, while analysts currently have a mixed outlook with a consensus Hold rating and an average price target of $74.27. The company recently reported quarterly EPS below expectations but revenue slightly above estimates.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) CFO Sagit Manor sold 251 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $64.58, for a total value of $16,209.58. Following the completion of the sale, the chief financial officer directly owned 47,272 shares of the company's stock, valued at approximately $3,052,825.76. This represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Wednesday, April 22nd, Sagit Manor sold 1,754 shares of Nayax stock. The stock was sold at an average price of $63.94, for a total value of $112,150.76.
Nayax Stock Up 5.0%
Shares of NASDAQ:NYAX opened at $67.00 on Wednesday. Nayax Ltd. has a 52-week low of $38.50 and a 52-week high of $75.00. The stock has a market cap of $2.45 billion, a P/E ratio of 84.81 and a beta of 0.39. The business has a fifty day moving average of $62.40 and a two-hundred day moving average of $54.63. 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 - Get Free Report) last posted its quarterly 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 for the quarter, compared to analysts' expectations of $105.64 million. On average, research analysts expect that Nayax Ltd. will post 0.73 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. UBS Group increased their price target on shares of Nayax from $55.00 to $68.00 and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Nayax in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on Nayax from $60.00 to $75.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded Nayax from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 13th. Two investment 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 data from MarketBeat.com, Nayax presently has a consensus rating of "Hold" and an average target price of $74.27.
View Our Latest Report on NYAX
Hedge Funds Weigh In On Nayax
Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company's stock worth $519,000 after buying an additional 8,727 shares during the period. Altshuler Shaham Ltd lifted its stake in 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 acquiring an additional 1,731 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in 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 acquiring an additional 25,694 shares during the period. Assenagon Asset Management S.A. grew its position in Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company's stock valued at $15,195,000 after acquiring an additional 72,357 shares in the last quarter. Finally, Amundi acquired a new position in Nayax in the 4th quarter valued at about $302,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.
About Nayax
(
Get Free Report)
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.
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