Insider Selling: Nayax (NASDAQ:NYAX) CFO Sells $13,126.40 in Stock

Key Points

  • Nayax CFO Sagit Manor sold 293 shares for $13,126.40 at an average price of $44.80, reducing her stake by 0.65% to 44,822 shares. The sale was reportedly made to cover tax withholding obligations from vested equity awards.
  • NYAX opened at $44.57, well below its 50-day and 200-day moving averages of $53.84 and $60.96, respectively. Despite the stock’s decline, Nayax exceeded quarterly earnings and revenue expectations.
  • Analysts maintain a mixed but generally cautious outlook, with a consensus “Hold” rating and an average price target of $75.76; the company also announced a Getnet partnership to expand its unattended-payment business across Latin America and Iberia.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) CFO Sagit Manor sold 293 shares of the business's stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $44.80, for a total value of $13,126.40. Following the completion of the transaction, the chief financial officer owned 44,822 shares in the company, valued at $2,008,025.60. This trade represents a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Friday, September 4th, Sagit Manor sold 123 shares of Nayax stock. The shares were sold at an average price of $52.39, for a total transaction of $6,443.97.
  • On Wednesday, July 1st, Sagit Manor sold 1,252 shares of Nayax stock. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48.

Nayax Trading Down 0.2%

Nayax stock opened at $44.57 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 212.24 and a beta of 0.43. The company's fifty day moving average price is $53.84 and its two-hundred day moving average price is $60.96. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86.




Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%.The business had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million. On average, analysts forecast that Nayax Ltd. will post 0.75 earnings per share for the current fiscal year.

More Nayax News

Here are the key news stories impacting Nayax this week:

  • Positive Sentiment: Expansion across Latin America and Iberia: Nayax and Getnet announced a global partnership to integrate Nayax’s payment technology with Getnet’s local acquiring network. The rollout begins in Chile and is expected to expand to Spain, Portugal, Brazil, Mexico and Argentina, targeting vending machines, electric-vehicle chargers, self-service kiosks and other unattended-payment businesses. The agreement could broaden Nayax’s addressable market and support future transaction-volume growth. Getnet and Nayax Announce Global Strategic Partnership Nayax and Santander's Getnet collaborate on unattended payments
  • Neutral Sentiment: Limited valuation-related context: A comparison of Flywire and Nayax discusses their financial profiles but does not identify a new operating development, earnings change or recommendation likely to materially alter the investment case. Flywire and Nayax Financial Contrast
  • Negative Sentiment: Cluster of insider sales: CEO Carly Furman, CFO Sagit Manor, CMO Michal Sever and other insiders sold shares totaling roughly $41,700. Most filings stated the sales were made to cover tax withholding tied to equity vesting, and each insider retained a substantial position, reducing the bearish significance. Nevertheless, the concentration of sales by senior executives may reinforce selling pressure and investor concerns while NYAX trades well below its 50-day and 200-day moving averages.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research raised shares of Nayax from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 1st. UBS Group reissued a "neutral" rating and issued a $70.00 target price on shares of Nayax in a report on Tuesday, August 11th. Barclays cut their price target on shares of Nayax from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, August 11th. Weiss Ratings downgraded Nayax from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, September 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a research report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Nayax has a consensus rating of "Hold" and a consensus target price of $75.76.

Check Out Our Latest Stock Report on NYAX

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NYAX. Y.D. More Investments Ltd increased 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 worth $48,387,000 after purchasing an additional 25,694 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company's stock valued at $15,195,000 after purchasing an additional 72,357 shares in the last quarter. AltraVue Capital LLC acquired a new position in Nayax during the fourth quarter worth $11,623,000. Altshuler Shaham Ltd increased its stake in shares of 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 purchasing an additional 1,731 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Nayax during the second quarter worth approximately $650,000. Institutional investors and hedge funds own 34.87% of the company's stock.

About Nayax

(Get Free Report)

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company's products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.

See Also

Insider Buying and Selling by Quarter for Nayax (NASDAQ:NYAX)

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