Nayax (NASDAQ:NYAX) Insider Erez Amnipour Sells 231 Shares
by Doug Wharley · The Cerbat GemNayax Ltd. (NASDAQ:NYAX – Get Free Report) insider Erez Amnipour sold 231 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $67.00, for a total value of $15,477.00. Following the transaction, the insider directly owned 16,627 shares of the company’s stock, valued at approximately $1,114,009. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Nayax Price Performance
Shares of Nayax stock opened at $66.81 on Thursday. The stock has a 50 day moving average of $62.62 and a 200 day moving average of $54.80. Nayax Ltd. has a 12 month low of $38.50 and a 12 month high of $75.00. The firm has a market cap of $2.45 billion, a PE ratio of 84.57 and a beta of 0.39. 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 (NASDAQ:NYAX – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 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 firm had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. On average, research analysts expect that Nayax Ltd. will post 0.73 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on NYAX shares. Keefe, Bruyette & Woods upped their price objective on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. William Blair restated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. UBS Group upped their price objective on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Nayax presently has an average rating of “Hold” and an average target price of $74.27.
View Our Latest Research Report on NYAX
Institutional Investors Weigh In On Nayax
Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Osaic Holdings Inc. purchased a new position in Nayax during the 2nd quarter worth $33,000. Bank of America Corp DE increased its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the period. Smartleaf Asset Management LLC purchased a new position in Nayax during the 4th quarter worth $69,000. Finally, Alliancebernstein L.P. purchased a new position in Nayax during the 3rd quarter worth $128,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.
Nayax Company Profile
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.