Key Points
- Nayax President Keren Sharir sold 4,500 shares on May 27 at an average price of $71.80, totaling about $323,100. After the sale, Sharir still owned 26,876 shares, a 14.34% reduction in their stake.
- NYAX shares were down slightly and opened at $74.14, near the stock’s 52-week high of $75.68. The company has a market cap of $2.71 billion and a relatively low beta of 0.39.
- Recent earnings and analyst sentiment were mixed: Nayax reported $0.03 EPS versus the expected $0.08, while revenue came in slightly above estimates. Analysts currently rate the stock around a “Hold,” with an average price target of $77.20.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) President Keren Sharir sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $71.80, for a total value of $323,100.00. Following the completion of the sale, the president directly owned 26,876 shares in the company, valued at approximately $1,929,696.80. The trade was a 14.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Nayax Stock Down 0.2%
Shares of NYAX opened at $74.14 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $75.68. The stock's 50 day moving average is $63.93 and its two-hundred day moving average is $56.01. The firm has a market cap of $2.71 billion, a P/E ratio of 93.85 and a beta of 0.39.
Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.95% and a return on equity of 14.09%. The business had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
NYAX has been the subject of several research analyst reports. Oppenheimer upgraded shares of Nayax from a "market perform" rating to an "outperform" rating and set a $86.00 price target for the company in a research report on Wednesday. Jefferies Financial Group restated a "buy" rating and set a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. Zacks Research downgraded Nayax from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 13th. UBS Group lifted their price target on Nayax from $55.00 to $68.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen lowered Nayax from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $77.20.
Read Our Latest Stock Report on NYAX
Institutional Trading of Nayax
A number of institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd boosted its stake in shares of Nayax by 3.1% in the first 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 last quarter. Vanguard Group Inc. boosted its stake in shares of Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company's stock worth $26,210,000 after acquiring an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company's stock worth $15,195,000 after acquiring an additional 72,357 shares during the last quarter. Finally, AltraVue Capital LLC acquired a new stake in shares of Nayax in the fourth quarter worth approximately $11,623,000. 34.87% of the stock is owned by institutional investors and hedge funds.
Nayax Company Profile
(
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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