Nayax Ltd. (NASDAQ:NYAX – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $48.47, but opened at $51.15. Nayax shares last traded at $49.7560, with a volume of 4,135 shares changing hands.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on NYAX shares. Keefe, Bruyette & Woods raised 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. Jefferies Financial Group initiated coverage on shares of Nayax in a report on Wednesday, October 7th. They set a “buy” rating and a $68.30 price objective on the stock. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. UBS Group reiterated a “neutral” rating and issued a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Finally, Weiss Ratings downgraded Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. 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 stock. Based on data from MarketBeat.com, Nayax presently has a consensus rating of “Moderate Buy” and an average price target of $73.46.
Get Our Latest Analysis on NYAX
Nayax Stock Up 4.9%
The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 242.10 and a beta of 0.46. The business has a 50 day moving average of $47.59 and a 200 day moving average of $59.57. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03.
Nayax (NASDAQ:NYAX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm 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%. On average, equities analysts anticipate that Nayax Ltd. will post 0.75 EPS for the current year.
Insider Transactions at Nayax
In other news, insider Gal Omer sold 1,500 shares of the firm’s stock in a transaction dated 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 directly owned 18,539 shares of the company’s stock, valued at approximately $837,406.63. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Yair Nechmad bought 104,511 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were acquired at an average price of $44.09 per share, for a total transaction of $4,607,889.99. Following the completion of the transaction, the chief executive officer owned 7,433,558 shares in the company, valued at $327,745,572.22. This represents a 1.43% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 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
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the 2nd quarter valued at $239,000. Bank of America Corp DE grew its position in Nayax by 1,607.2% in the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after acquiring an additional 8,727 shares during the period. Tidal Investments LLC acquired a new position in Nayax during the second quarter worth $650,000. Altshuler Shaham Ltd boosted its stake in shares of Nayax by 5.0% in 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 in 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 in the last quarter. Institutional investors own 34.87% of the company’s stock.
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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