Nayax (NASDAQ:NYAX) Upgraded to “Strong-Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Nayax (NASDAQ:NYAX) to a strong-buy rating in a report published on Tuesday morning,Zacks reports.

A number of other equities analysts have also recently issued reports on NYAX. Weiss Ratings cut shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Barclays lowered their target price on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 11th. UBS Group restated a “neutral” rating and set a $70.00 price target on shares of Nayax in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Friday, August 14th. Finally, Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.46.

Nayax Price Performance

Shares of NYAX stock opened at $46.61 on Tuesday. Nayax has a 12 month low of $39.17 and a 12 month high of $76.86. The company has a market capitalization of $1.71 billion, a P/E ratio of 221.95 and a beta of 0.46. The stock has a 50 day moving average of $51.39 and a two-hundred day moving average of $60.46. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Nayax will post 0.75 EPS for the current year.

Insider Activity at Nayax

In other news, insider David Ben-Avi purchased 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were acquired at an average cost of $43.07 per share, for a total transaction of $30,149.00. Following the transaction, the insider directly owned 6,592,402 shares of the company’s stock, valued at approximately $283,934,754.14. The trade was a 0.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Gal Omer sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total transaction of $67,755.00. Following the completion of the sale, the insider directly owned 18,539 shares of the company’s stock, valued at $837,406.63. The trade was a 7.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $152,241.

Institutional Trading of Nayax

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Nayax in the second quarter valued at about $239,000. Bank of America Corp DE grew its position 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 period. Tidal Investments LLC bought a new stake in Nayax during the 2nd quarter worth approximately $650,000. Altshuler Shaham Ltd raised its holdings in Nayax by 140.0% during the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock worth $1,742,000 after buying an additional 20,121 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after buying an additional 72,357 shares in the last quarter. Institutional investors own 34.87% of the company’s stock.

About Nayax

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.