Nayax Ltd. (NASDAQ:NYAX – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $47.40, but opened at $44.88. Nayax shares last traded at $48.0450, with a volume of 2,331 shares.
Analysts Set New Price Targets
A number of analysts recently weighed in on the company. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Barclays reduced their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Wednesday, May 27th. UBS Group restated a “neutral” rating and set a $70.00 price objective on shares of Nayax in a research report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods raised Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.76.
Get Our Latest Stock Report on NYAX
Nayax Stock Up 0.9%
Nayax (NASDAQ:NYAX – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating 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 business had revenue of $122.59 million during the quarter, compared to analyst estimates of $116.75 million. On average, analysts anticipate that Nayax Ltd. will post 0.75 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Eden Zafrani sold 500 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $64.89, for a total value of $32,445.00. Following the completion of the sale, the insider owned 14,869 shares in the company, valued at $964,849.41. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sagit Manor sold 1,252 shares of Nayax stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48. Following the transaction, the chief financial officer directly owned 45,238 shares in the company, valued at approximately $3,019,184.12. This represents a 2.69% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 3,213 shares of company stock worth $205,569.
Institutional Trading of Nayax
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its position in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Nayax by 43.9% in the 1st 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 during the last quarter. Geode Capital Management LLC grew its position in Nayax by 19.7% during the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after buying an additional 5,523 shares during the period. Legal & General Group Plc grew its position in Nayax by 18.6% during the second quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock valued at $711,000 after buying an additional 2,214 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.
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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