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

Key Points

• Nayax CFO Sagit Manor sold 293 shares at an average price of $44.80, receiving $13,126.40. The transaction covered tax withholding tied to vested equity awards and reduced her ownership by 0.65% to 44,822 shares.
• Nayax shares rose 1.3% to $45.26, but remain well below their 12-month high of $76.86. The stock trades at a high P/E ratio of 215.67.
• The company recently exceeded quarterly earnings and revenue expectations, while analysts maintain a consensus “Hold” rating with a $75.76 price target. Institutional investors and hedge funds own 34.87% of Nayax.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) CFO Sagit Manor sold 293 shares of the business's stock in a transaction on 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 of the company's stock, valued at $2,008,025.60. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $83,558.48.

Nayax Stock Up 1.3%

NASDAQ NYAX traded up $0.60 on Tuesday, hitting $45.26. 2,826 shares of the stock traded hands, compared to its average volume of 20,431. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The stock has a 50-day moving average of $54.33 and a 200 day moving average of $61.06. The company has a market capitalization of $1.66 billion, a P/E ratio of 215.67 and a beta of 0.43.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NYAX shares. Weiss Ratings lowered shares of Nayax from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 22nd. Zacks Research upgraded Nayax from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 1st. Barclays lowered their price target on shares of Nayax from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 11th. UBS Group reiterated a "neutral" rating and set a $70.00 target price on shares of Nayax in a research report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods raised Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 price target on the stock in a research report on Friday, August 14th. Four 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $75.76.

Institutional Trading of Nayax

Several hedge funds have recently bought and sold shares of NYAX. Y.D. More Investments Ltd grew its position in Nayax by 3.1% during the first 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. Assenagon Asset Management S.A. boosted its position in 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. AltraVue Capital LLC purchased a new position in shares of Nayax during the fourth quarter valued at approximately $11,623,000. Altshuler Shaham Ltd lifted its holdings in Nayax by 5.0% in 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. Finally, Tidal Investments LLC bought a new stake in shares of Nayax during the second quarter valued at approximately $650,000. Institutional investors and hedge funds own 34.87% of the company's stock.

Nayax Company Profile

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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