Nayax (NASDAQ:NYAX) Issues Quarterly Earnings Results

Nayax (NASDAQ:NYAX) posted its quarterly earnings results on Monday. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05, FiscalAI reports. The business had revenue of $122.59 million during the quarter, compared to analyst estimates of $116.75 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%.

Nayax Stock Performance

NASDAQ NYAX opened at $69.06 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market capitalization of $2.53 billion, a PE ratio of 87.42 and a beta of 0.47. Nayax has a 1-year low of $39.17 and a 1-year high of $76.86. The business has a 50 day simple moving average of $66.84 and a two-hundred day simple moving average of $62.91.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NYAX shares. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, May 27th. Keefe, Bruyette & Woods upped their price objective on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Finally, UBS Group lifted their target price on Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nayax currently has an average rating of “Hold” and a consensus price target of $78.16.

Insider Buying and Selling

In other Nayax news, CFO Sagit Manor sold 1,252 shares of Nayax stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $66.74, for a total value of $83,558.48. Following the completion of the transaction, the chief financial officer directly owned 45,238 shares of the company’s stock, valued at $3,019,184.12. This trade represents a 2.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $26,006.56. Following the completion of the sale, the chief executive officer owned 21,439 shares in the company, valued at approximately $1,459,567.12. This trade represents a 1.75% 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 47,629 shares of company stock valued at $3,482,786 in the last three months.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 valued at $9,966,000 after purchasing an additional 89,886 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Nayax by 19.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock worth $1,685,000 after purchasing an additional 5,523 shares during the period. Legal & General Group Plc boosted its holdings in shares of Nayax by 18.6% in the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock worth $711,000 after purchasing an additional 2,214 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Nayax by 210.5% during 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 last quarter. Hedge funds and other 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.