Nayax Ltd. (NASDAQ:NYAX) Receives $74.27 Average PT from Analysts

Shares of Nayax Ltd. (NASDAQ:NYAXGet Free Report) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $77.20.

Several analysts have weighed in on NYAX shares. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Wednesday. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods boosted their target price on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. William Blair restated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Check Out Our Latest Stock Report on NYAX

Insider Buying and Selling

In other news, CMO Michal Sever sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.32, for a total transaction of $321,600.00. Following the completion of the transaction, the chief marketing officer directly owned 17,306 shares in the company, valued at approximately $1,113,121.92. The trade was a 22.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aaron Samuel Greenberg sold 1,002 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $64,067.88. Following the transaction, the insider owned 25,753 shares of the company’s stock, valued at $1,646,646.82. The trade was a 3.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 13,033 shares of company stock valued at $873,328 over the last 90 days.

Hedge Funds Weigh In On Nayax

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Osaic Holdings Inc. acquired a new position in shares of Nayax in the 2nd quarter valued at approximately $33,000. Bank of America Corp DE grew its position in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of Nayax in the 4th quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Nayax in the 3rd quarter valued at approximately $128,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Stock Performance

Shares of NASDAQ:NYAX opened at $75.81 on Friday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 95.96 and a beta of 0.39. Nayax has a 1-year low of $39.17 and a 1-year high of $76.86. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $64.23 and a two-hundred day moving average price of $56.15.

Nayax (NASDAQ:NYAXGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Equities analysts predict that Nayax will post 0.73 earnings per share for the current year.

About Nayax

(Get Free Report)

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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Analyst Recommendations for Nayax (NASDAQ:NYAX)

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