Nayax (NASDAQ:NYAX) Stock Price Up 19.1% – Time to Buy?

Nayax Ltd. (NASDAQ:NYAX) shares shot up 19.1% during trading on Friday . The company traded as high as $71.83 and last traded at $86.17. 1,104 shares changed hands during trading, a decline of 93% from the average session volume of 16,384 shares. The stock had previously closed at $72.35.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NYAX. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Finally, William Blair reiterated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Nayax currently has a consensus rating of “Hold” and a consensus target price of $51.67.

Nayax Stock Up 0.4%

The firm has a market capitalization of $2.66 billion, a P/E ratio of 76.47 and a beta of 0.39. The firm’s 50-day moving average is $60.21 and its 200 day moving average is $53.31. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.16 and a current ratio of 2.26.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $119.45 million for the quarter, compared to analysts’ expectations of $120.13 million. Nayax had a net margin of 8.87% and a return on equity of 11.60%. As a group, equities research analysts predict that Nayax Ltd. will post 0.84 EPS for the current fiscal year.

Insider Activity

In related news, insider Aaron Samuel Greenberg sold 1,002 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were 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 in the company, valued at approximately $1,646,646.82. This represents a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction that occurred 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 approximately $3,038,620.62. This trade 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. Insiders have sold a total of 3,032 shares of company stock worth $195,657 over the last three months.

Hedge Funds Weigh In On Nayax

Several large investors have recently modified their holdings of NYAX. Vanguard Group Inc. raised its stake 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 valued at $26,210,000 after acquiring an additional 535,476 shares during the last quarter. AltraVue Capital LLC acquired a new stake in Nayax in the fourth quarter worth $11,623,000. 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 valued at $9,966,000 after buying an additional 89,886 shares during 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 valued at $15,195,000 after buying an additional 72,357 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Nayax by 12,665.1% during the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after buying an additional 56,993 shares during the last quarter. Institutional investors 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.