Assenagon Asset Management S.A. increased its holdings in shares of Nayax Ltd. (NASDAQ:NYAX – Free Report) by 36.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 271,071 shares of the company’s stock after purchasing an additional 72,357 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Nayax were worth $15,195,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in NYAX. Y.D. More Investments Ltd grew its holdings in Nayax by 3.2% in the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock valued at $42,399,000 after buying an additional 26,146 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Nayax by 4,022.5% during the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares during the period. AltraVue Capital LLC acquired a new stake in shares of Nayax in the fourth quarter worth approximately $11,623,000. Finally, UBS Group AG grew its holdings in Nayax by 12,665.1% in the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after purchasing an additional 56,993 shares during the period. 34.87% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently commented on NYAX shares. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. UBS Group upped their price objective on Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased 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. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $78.95.
Nayax Price Performance
Nayax stock opened at $63.66 on Friday. Nayax Ltd. has a 52-week low of $39.17 and a 52-week high of $76.86. The firm has a fifty day moving average of $67.52 and a 200-day moving average of $59.30. The firm has a market capitalization of $2.33 billion, a P/E ratio of 80.58 and a beta of 0.41. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.
Nayax (NASDAQ:NYAX – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. As a group, analysts predict that Nayax Ltd. will post 0.73 EPS for the current year.
Insider Transactions at Nayax
In other Nayax news, CFO Sagit Manor sold 489 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $68.06, for a total value of $33,281.34. Following the transaction, the chief financial officer directly owned 46,783 shares of the company’s stock, valued at $3,184,050.98. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Carly Lisanne Furman sold 382 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $68.08, for a total value of $26,006.56. Following the transaction, the chief executive officer owned 21,439 shares in the company, valued at approximately $1,459,567.12. This represents a 1.75% 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. Insiders sold 47,901 shares of company stock worth $3,496,580 in the last quarter.
Nayax Profile
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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