Nayax (NASDAQ:NYAX) Insider David Ben-Avi Buys 1,014 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi bought 1,014 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average price of $42.91 per share, for a total transaction of $43,510.74. Following the transaction, the insider owned 6,590,148 shares of the company’s stock, valued at $282,783,250.68. The trade was a 0.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Nayax Trading Down 1.9%

Shares of NYAX opened at $43.33 on Wednesday. The stock has a fifty day moving average of $55.99 and a two-hundred day moving average of $61.42. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. The company has a market capitalization of $1.59 billion, a PE ratio of 206.33 and a beta of 0.43. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $122.59 million for the quarter, compared to analysts’ expectations of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. As a group, analysts forecast that Nayax Ltd. will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Friday, August 14th. UBS Group reiterated a “neutral” rating and set a $70.00 price objective on shares of Nayax in a report on Tuesday, August 11th. Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Wednesday, May 27th. Weiss Ratings upgraded shares of Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Four 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $75.76.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in shares of Nayax in the 2nd quarter valued at about $650,000. Public Employees Retirement System of Ohio acquired a new stake in Nayax during the 2nd quarter worth approximately $239,000. Bank of America Corp DE increased its position in Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after purchasing an additional 8,727 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in Nayax by 5.0% in the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after buying an additional 1,731 shares during the period. Finally, Y.D. More Investments Ltd raised its holdings in Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after buying an additional 25,694 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Company Profile

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company’s products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.