Key Points
- Nayax insider David Ben-Avi sold shares worth about $1.27 million on May 29, disposing of 16,590 shares at an average price of $76.48. He also sold 13,596 shares the previous day for about $1.02 million.
- Nayax shares were down 2.9% in the session, opening at $73.63, after recently trading near their 52-week high of $76.86. The company currently has a market cap of about $2.7 billion.
- Recent earnings were mixed: Nayax reported $0.03 EPS, missing estimates, while revenue of $106.86 million slightly beat expectations. Analysts currently have a consensus Hold rating with an average price target of $77.20.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider David Ben-Avi sold 13,596 shares of the business's stock in a transaction dated 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 completion of the sale, the insider directly owned 6,604,308 shares of the company's stock, valued at approximately $494,860,798.44. The trade was a 0.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
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 Price Performance
NASDAQ:NYAX opened at $73.63 on Tuesday. Nayax Ltd. has a 52 week low of $39.17 and a 52 week high of $76.86. 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 firm's 50-day simple moving average is $64.49 and its 200 day simple moving average is $56.50. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 93.20 and a beta of 0.41.
Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $105.64 million. As a group, sell-side analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current year.
Hedge Funds Weigh In On Nayax
A number of institutional investors have recently added to or reduced their stakes in NYAX. Public Employees Retirement System of Ohio boosted its position in Nayax by 9.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company's stock valued at $197,000 after buying an additional 330 shares in the last quarter. Russell Investments Group Ltd. lifted 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 valued at $30,000 after acquiring an additional 400 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Nayax by 8.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company's stock valued at $407,000 after acquiring an additional 594 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Nayax during the 2nd quarter valued at $33,000. Finally, Geode Capital Management LLC grew its position in Nayax by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company's stock worth $1,825,000 after acquiring an additional 715 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
NYAX has been the topic of a number of analyst reports. Wall Street Zen downgraded Nayax from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Oppenheimer raised Nayax from a "market perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a report on Wednesday, May 27th. Keefe, Bruyette & Woods increased their target price on Nayax from $60.00 to $75.00 and gave the stock a "market perform" rating in a report on Wednesday, May 13th. UBS Group raised their price target on Nayax from $55.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded Nayax from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Nayax has a consensus rating of "Hold" and a consensus target price of $77.20.
Check Out Our Latest Stock Report on Nayax
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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