Key Points
- Nayax CFO Sagit Manor sold 489 shares on June 4 at an average price of $68.06, totaling about $33,281. The company said the sale was made to cover tax withholding obligations tied to vesting equity awards.
- Manor has also sold shares recently, including 251 shares on May 18 and 1,754 shares on April 22, indicating a pattern of insider selling over the past few weeks.
- NYAX shares were up 1.0% to $65.64, while the stock has a market cap of about $2.4 billion and a consensus analyst rating of Hold with a $77.20 price target.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider Oren Tepper sold 260 shares of Nayax stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $68.06, for a total value of $17,695.60. Following the transaction, the insider owned 19,132 shares of the company's stock, valued at $1,302,123.92. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Oren Tepper also recently made the following trade(s):
- On Monday, June 1st, Oren Tepper sold 1,052 shares of Nayax stock. The stock was sold at an average price of $73.31, for a total value of $77,122.12.
Nayax Trading Up 1.0%
Shares of Nayax stock opened at $65.64 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The company has a market capitalization of $2.40 billion, a P/E ratio of 83.09 and a beta of 0.41. The business has a 50 day moving average price of $65.50 and a 200 day moving average price of $57.42.
Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. Sell-side analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current fiscal year.
Institutional Trading of Nayax
Several institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd grew its stake 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 valued at $48,387,000 after buying an additional 25,694 shares during the period. Vanguard Group Inc. grew its stake in shares of Nayax by 4,022.5% during the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company's stock valued at $26,210,000 after buying an additional 535,476 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock valued at $9,966,000 after buying an additional 89,886 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company's stock valued at $15,195,000 after buying an additional 72,357 shares during the period. Finally, AltraVue Capital LLC purchased a new stake in shares of Nayax during the 4th quarter valued at $11,623,000. 34.87% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NYAX has been the subject of several analyst reports. Wall Street Zen downgraded Nayax from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. UBS Group boosted their price target on Nayax from $55.00 to $68.00 and gave the company a "neutral" rating in a report on Wednesday, May 13th. Oppenheimer upgraded Nayax from a "market perform" rating to an "outperform" rating and set a $86.00 price target for the company in a report on Wednesday, May 27th. Keefe, Bruyette & Woods boosted their price target on Nayax from $60.00 to $75.00 and gave the company a "market perform" rating in a report on Wednesday, May 13th. Finally, William Blair reiterated an "outperform" rating on shares of Nayax in a report on Monday, March 9th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Nayax currently has a consensus rating of "Hold" and an average target price of $77.20.
Read Our Latest Stock Report on NYAX
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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