Nayax (NASDAQ:NYAX) Sets New 1-Year High – Here’s Why

Nayax Ltd. (NASDAQ:NYAX)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $66.50 and last traded at $66.4550, with a volume of 4239 shares traded. The stock had previously closed at $64.27.

Analyst Upgrades and Downgrades

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

Nayax Stock Performance

The company has a market cap of $2.43 billion, a price-to-earnings ratio of 69.91 and a beta of 0.10. The firm has a fifty day simple moving average of $58.09 and a 200 day simple moving average of $52.14. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.26 and a quick ratio of 2.16.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Monday, March 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. The company had revenue of $119.45 million for the quarter, compared to the consensus estimate of $120.13 million. Nayax had a return on equity of 11.60% and a net margin of 8.87%. On average, sell-side analysts expect that Nayax Ltd. will post 0.84 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Sagit Manor sold 1,754 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $112,150.76. Following the sale, the chief financial officer owned 47,523 shares in the company, valued at approximately $3,038,620.62. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 1,002 shares of the firm’s 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 completion of the sale, the insider owned 25,753 shares in the company, valued at approximately $1,646,646.82. The trade was a 3.75% 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.

Institutional Investors Weigh In On Nayax

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its stake in shares of Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after acquiring an additional 72,357 shares during the last quarter. Altshuler Shaham Ltd grew its stake in shares of Nayax by 140.0% in the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock worth $1,742,000 after acquiring an additional 20,121 shares during the last quarter. Amundi acquired a new stake in shares of Nayax in the fourth quarter worth $302,000. Public Employees Retirement System of Ohio grew its stake in shares of Nayax by 9.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after acquiring an additional 330 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Nayax by 8.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after buying an additional 594 shares in the last quarter. Institutional investors and hedge funds 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.