David Ben-Avi Purchases 700 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi acquired 700 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was acquired at an average cost of $43.07 per share, with a total value of $30,149.00. Following the completion of the transaction, the insider 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

David Ben-Avi also recently made the following trade(s):

• On Thursday, September 24th, David Ben-Avi bought 100 shares of Nayax stock. The shares were bought at an average cost of $42.09 per share, with a total value of $4,209.00.
• On Tuesday, September 22nd, David Ben-Avi purchased 1,554 shares of Nayax stock. The stock was bought at an average price of $43.18 per share, for a total transaction of $67,101.72.
• On Thursday, September 17th, David Ben-Avi purchased 1,014 shares of Nayax stock. The stock was bought at an average cost of $42.91 per share, for a total transaction of $43,510.74.

Nayax Stock Performance

NYAX stock traded up $2.03 during mid-day trading on Thursday, hitting $44.66. 13,258 shares of the company were exchanged, compared to its average volume of 20,352. Nayax Ltd. has a 1-year low of $39.17 and a 1-year high of $76.86. The stock has a market capitalization of $1.63 billion, a PE ratio of 213.14 and a beta of 0.43. The business has a 50 day simple moving average of $55.58 and a 200-day simple moving average of $61.32. 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 posted its earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. On average, equities analysts forecast that Nayax Ltd. will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd increased its holdings in Nayax by 3.1% in the 1st 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. Assenagon Asset Management S.A. lifted its stake in shares of Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after acquiring an additional 72,357 shares during the last quarter. AltraVue Capital LLC bought a new position in Nayax in the fourth quarter valued at about $11,623,000. Altshuler Shaham Ltd raised its holdings in Nayax by 5.0% in the 1st 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 last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Nayax during the second quarter worth $650,000. Institutional investors own 34.87% of the company’s stock.

Analyst Upgrades and Downgrades

NYAX has been the subject of a number of research reports. Weiss Ratings downgraded Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Barclays lowered their price target on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Oppenheimer upgraded 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. Finally, Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, August 14th. Four investment 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $75.76.

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.