Key Points
- Nayax insider Aaron Greenberg sold 276 shares at an average of $48.55, totaling $13,399.80; the sale covered tax withholding on vested equity awards. He retained 24,872 shares.
- Nayax reported quarterly EPS of $0.14, above the $0.09 consensus, and revenue of $122.59 million, topping estimates of $116.75 million.
- Analysts have a Moderate Buy consensus and an average price target of $73.46; shares opened at $48.39, well below their 200-day moving average of $58.39.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider Aaron Greenberg sold 276 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $48.55, for a total transaction of $13,399.80. Following the sale, the insider owned 24,872 shares in the company, valued at approximately $1,207,535.60. The trade was a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Aaron Samuel Greenberg also recently made the following trade(s):
- On Monday, September 28th, Aaron Greenberg sold 54 shares of Nayax stock. The shares were sold at an average price of $44.63, for a total transaction of $2,410.02.
- On Friday, September 4th, Aaron Greenberg sold 77 shares of Nayax stock. The stock was sold at an average price of $52.31, for a total transaction of $4,027.87.
Nayax Price Performance
Shares of NASDAQ NYAX opened at $48.39 on Wednesday. The firm has a market cap of $1.77 billion, a P/E ratio of 78.32 and a beta of 0.46. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average of $47.84 and a 200 day moving average of $58.39.
Nayax (NASDAQ:NYAX - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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. As a group, research analysts expect that Nayax Ltd. will post 0.75 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently commented on NYAX. UBS Group reaffirmed a "neutral" rating and set a $70.00 price objective on shares of Nayax in a research report on Tuesday, August 11th. Barclays reduced their price objective on 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 lowered Nayax from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, September 22nd. 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 note on Friday, August 14th. Finally, Jefferies Financial Group began coverage on shares of Nayax in a research note on Wednesday, October 7th. They set a "buy" rating and a $68.30 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.46.
View Our Latest Report on Nayax
Institutional Investors Weigh In On Nayax
A number of large investors have recently added to or reduced their stakes in NYAX. Y.D. More Investments Ltd grew its position in Nayax by 3.1% in 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 during the period. Tidal Investments LLC purchased a new stake in Nayax during the 2nd quarter valued at $650,000. Bank of America Corp DE raised its stake in Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company's stock valued at $519,000 after buying an additional 8,727 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the 2nd quarter valued at $239,000. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company's stock valued at $2,026,000 after buying an additional 1,731 shares during the period. Institutional investors own 34.87% of the company's stock.
About Nayax
(
Get Free Report)
Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.
The company's products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax's technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.
Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.
Further Reading
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