Nayax (NASDAQ:NYAX) Sets New 12-Month High – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $75.00 and last traded at $67.00, with a volume of 33050 shares. The stock had previously closed at $63.78.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. UBS Group upped their price objective on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a report on Saturday. Finally, 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 report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Nayax has a consensus rating of “Hold” and a consensus target price of $74.27.

Nayax Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 84.81 and a beta of 0.39. The business has a fifty day moving average of $62.40 and a two-hundred day moving average of $54.63.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, research analysts predict that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nayax news, insider Aaron Samuel Greenberg sold 1,002 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 $64,067.88. Following the transaction, the insider owned 25,753 shares in the company, valued at $1,646,646.82. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $112,150.76. Following the transaction, the chief financial officer owned 47,523 shares in the company, valued at $3,038,620.62. The trade was a 3.56% decrease in their position. 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 8,302 shares of company stock worth $534,751 in the last 90 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Nayax by 9.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after buying an additional 330 shares during the period. Russell Investments Group Ltd. increased its position in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after purchasing an additional 594 shares during the period. Osaic Holdings Inc. bought a new position in shares of Nayax in the second quarter worth $33,000. Finally, Geode Capital Management LLC increased its position in shares of Nayax by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock worth $1,825,000 after purchasing an additional 715 shares during the period. 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.