Nayax (NASDAQ:NYAX – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.
Several other equities analysts have also issued reports on NYAX. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. UBS Group lifted their price objective on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price objective on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.80 target price on shares of Nayax in a research note on Thursday. Finally, William Blair reiterated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.27.
Read Our Latest Analysis on Nayax
Nayax Stock Down 4.5%
Nayax (NASDAQ:NYAX – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The company had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. Equities research analysts expect that Nayax will post 0.79 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Aaron Samuel Greenberg sold 1,002 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the completion of the transaction, the insider owned 25,753 shares in the company, valued at $1,646,646.82. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sagit Manor sold 1,754 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76. Following the sale, the chief financial officer directly owned 47,523 shares of the company’s stock, valued at $3,038,620.62. This represents a 3.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 3,051 shares of company stock worth $196,941.
Institutional Trading of Nayax
Several hedge funds and other institutional investors have recently modified their holdings of the company. Y.D. More Investments Ltd raised its stake in shares of Nayax by 3.1% in 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. Vanguard Group Inc. boosted its position in shares of Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after buying an additional 535,476 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after buying an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Nayax by 36.4% during the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after buying an additional 72,357 shares in the last quarter. Finally, AltraVue Capital LLC acquired a new stake in Nayax in the 4th quarter valued at approximately $11,623,000. Institutional investors and hedge funds own 34.87% of the company’s stock.
About Nayax
Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.
The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.
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