Nayax Ltd. (NYAX) – What Are Investment Firms Thinking About This Stock?

Nayax Ltd. (NASDAQ:NYAX) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $73.46.

A number of research firms have recently weighed in on NYAX. Jefferies Financial Group initiated coverage on shares of Nayax in a research note on Wednesday, October 7th. They issued a “buy” rating and a $68.30 price target on the stock. Weiss Ratings cut Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. UBS Group restated a “neutral” rating and issued a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Barclays dropped their target price 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.

Nayax Stock Performance

Shares of NYAX opened at $46.33 on Tuesday. The company’s 50 day moving average price is $47.83 and its 200 day moving average price is $59.84. Nayax has a 52 week low of $39.17 and a 52 week high of $76.86. The company has a market capitalization of $1.70 billion, a PE ratio of 220.62 and a beta of 0.46. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $122.59 million during the quarter, compared to the consensus estimate of $116.75 million. Nayax had a net margin of 1.74% and a return on equity of 10.45%. Research analysts expect that Nayax will post 0.75 EPS for the current fiscal year.

Insider Activity

In other news, insider David Ben-Avi purchased 700 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was acquired at an average price of $43.07 per share, with a total value of $30,149.00. Following the purchase, the insider owned 6,592,402 shares in the company, valued at $283,934,754.14. This represents a 0.01% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yair Nechmad purchased 44,148 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average cost of $47.84 per share, with a total value of $2,112,040.32. Following the purchase, the chief executive officer owned 7,524,641 shares in the company, valued at $359,978,825.44. This represents a 0.59% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $152,241.

Institutional Trading of Nayax

A number of institutional investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd increased its stake in shares of Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after purchasing an additional 25,694 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after purchasing an additional 72,357 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Nayax in the 2nd quarter valued at $650,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Nayax in the 2nd quarter valued at $239,000. Finally, Bank of America Corp DE lifted its stake in shares of Nayax by 1,607.2% in the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after purchasing an additional 8,727 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Company Profile

Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.

The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.