Nayax Ltd. (NASDAQ:NYAX – Get Free Report) shares gapped up prior to trading on Tuesday. The stock had previously closed at $46.33, but opened at $49.00. Nayax shares last traded at $48.4060, with a volume of 12,410 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. UBS Group reissued a “neutral” rating and set a $70.00 price objective on shares of Nayax in a report on Tuesday, August 11th. Weiss Ratings cut Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. Jefferies Financial Group started coverage on Nayax in a report on Wednesday, October 7th. They issued a “buy” rating and a $68.30 target price for the company. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.46.
Check Out Our Latest Report on Nayax
Nayax Stock Performance
The company’s 50-day simple moving average is $47.71 and its 200-day simple moving average is $59.71. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 78.37 and a beta of 0.46. 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 (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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $116.75 million. On average, analysts expect that Nayax Ltd. will post 0.75 EPS for the current year.
Insider Buying and Selling
In related news, CEO Yair Nechmad bought 104,511 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were purchased at an average cost of $44.09 per share, with a total value of $4,607,889.99. Following the acquisition, the chief executive officer owned 7,433,558 shares of the company’s stock, valued at $327,745,572.22. This represents a 1.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Ben-Avi purchased 1,554 shares of Nayax stock in a transaction on Tuesday, September 22nd. The stock was bought at an average price of $43.18 per share, for a total transaction of $67,101.72. Following the transaction, the insider directly owned 6,591,702 shares in the company, valued at approximately $284,629,692.36. The trade was a 0.02% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 198,962 shares of company stock valued at $8,972,432 and sold 3,161 shares valued at $152,241.
Hedge Funds Weigh In On Nayax
A number of hedge funds have recently made changes to their positions in NYAX. Tidal Investments LLC acquired a new position in shares of Nayax in the second quarter worth approximately $650,000. Public Employees Retirement System of Ohio bought a new stake in Nayax in the second quarter valued at approximately $239,000. Bank of America Corp DE increased 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. Altshuler Shaham Ltd increased its position in Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,731 shares during the period. Finally, Y.D. More Investments Ltd increased its position in Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,694 shares during the period. 34.87% of the stock is currently owned by institutional investors.
Nayax Company Profile
Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.
The company’s products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax’s technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.
Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.
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