Jefferies Financial Group upgraded shares of Nayax (NASDAQ:NYAX – Free Report) to a strong-buy rating in a report published on Tuesday morning,Zacks reports.
Several other equities analysts also recently issued reports on NYAX. Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Friday, August 14th. Weiss Ratings cut Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. UBS Group restated a “neutral” rating and issued a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Barclays cut their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nayax has an average rating of “Moderate Buy” and an average price target of $73.46.
Read Our Latest Research Report on NYAX
Nayax Price Performance
Nayax (NASDAQ:NYAX – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $122.59 million during the quarter, compared to analysts’ expectations of $116.75 million. Nayax had a net margin of 1.74% and a return on equity of 10.45%. On average, equities analysts predict that Nayax will post 0.75 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider David Ben-Avi acquired 1,554 shares of Nayax stock in a transaction on Tuesday, September 22nd. The shares were purchased at an average price of $43.18 per share, with a total value of $67,101.72. Following the acquisition, the insider owned 6,591,702 shares in the company, valued at $284,629,692.36. This represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gal Omer sold 1,500 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total value of $67,755.00. Following the completion of the transaction, the insider owned 18,539 shares in the company, valued at $837,406.63. The trade was a 7.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $152,241.
Hedge Funds Weigh In On Nayax
Several large investors have recently made changes to their positions in NYAX. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the second quarter worth about $239,000. Bank of America Corp DE lifted 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 valued at $519,000 after purchasing an additional 8,727 shares during the period. Tidal Investments LLC acquired a new position in Nayax during the 2nd quarter valued at about $650,000. Altshuler Shaham Ltd boosted its stake in shares of Nayax by 140.0% in the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after purchasing an additional 20,121 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Nayax by 36.4% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.
Nayax Company Profile
Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.
The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.
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