Nayax Ltd. (NASDAQ:NYAX – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $43.80, but opened at $45.31. Nayax shares last traded at $45.0310, with a volume of 1,285 shares.
Analyst Ratings Changes
A number of brokerages recently issued reports on NYAX. UBS Group reissued a “neutral” rating and issued a $70.00 price objective on shares of Nayax in a report on Tuesday, August 11th. Jefferies Financial Group initiated coverage on Nayax in a research report on Wednesday, October 7th. They issued a “buy” rating and a $68.30 target price on the stock. Barclays cut their target price on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note 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. Finally, Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research report on Friday, August 14th. 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 given a Sell rating to the company. According to MarketBeat, Nayax has a consensus rating of “Moderate Buy” and a consensus target price of $73.46.
Check Out Our Latest Report on Nayax
Nayax Stock Up 0.8%
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, research analysts anticipate that Nayax Ltd. will post 0.75 earnings per share for the current fiscal year.
Insider Activity
In other news, insider David Ben-Avi bought 1,554 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the insider directly owned 6,591,702 shares in the company, valued at approximately $284,629,692.36. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gal Omer sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $45.17, for a total value of $67,755.00. Following the sale, the insider directly owned 18,539 shares in the company, valued at approximately $837,406.63. The trade was a 7.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, 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
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its holdings in shares of Nayax by 3.1% in 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 stake in Nayax by 36.4% during the first 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 in the last quarter. Altshuler Shaham Ltd boosted its stake in Nayax by 5.0% during the first 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 in the last quarter. Tidal Investments LLC bought a new position in Nayax during the second quarter valued at about $650,000. Finally, Bank of America Corp DE grew its holdings in Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after acquiring an additional 8,727 shares during the period. 34.87% of the stock is owned by institutional investors.
About Nayax
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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