Gal Omer Sells 1,500 Shares of Nayax (NASDAQ:NYAX) Stock

Key Points

• Insider sale: Gal Omer sold 1,500 Nayax shares for approximately $67,755 at an average price of $45.17, reducing their ownership by 7.49% to 18,539 shares.
• Quarterly performance: Nayax reported quarterly earnings of $0.14 per share, exceeding estimates by $0.05, while revenue of $122.59 million also surpassed analyst expectations.
• Analyst outlook: Nayax has an overall consensus rating of “Hold” and an average price target of $75.76, despite mixed recommendations ranging from “Sell” to “Outperform.”

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider Gal Omer sold 1,500 shares of the business's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total transaction of $67,755.00. Following the completion of the transaction, the insider owned 18,539 shares of the company's stock, valued at approximately $837,406.63. This represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nayax Price Performance

Shares of Nayax stock opened at $42.91 on Thursday. The firm has a market cap of $1.57 billion, a PE ratio of 204.33 and a beta of 0.43. 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 business has a 50-day moving average price of $57.64 and a 200 day moving average price of $61.70.

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

Hedge Funds Weigh In On Nayax

Several institutional investors have recently modified their holdings of the business. Altshuler Shaham Ltd grew its stake in Nayax by 5.0% during the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company's stock worth $2,026,000 after buying an additional 1,731 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Nayax during the 2nd quarter worth $239,000. Bank of America Corp DE boosted its position 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 worth $519,000 after purchasing an additional 8,727 shares during the period. Tidal Investments LLC acquired a new stake in Nayax in the 2nd quarter valued at $650,000. Finally, Legato Capital Management LLC acquired a new stake in Nayax in the 4th quarter valued at $1,072,000. Institutional investors and hedge funds own 34.87% of the company's stock.

Analysts Set New Price Targets

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

About Nayax

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.

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