Nayax Ltd. (NASDAQ:NYAX) Receives Average Rating of “Hold” from Brokerages

Nayax Ltd. (NASDAQ:NYAX) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $77.20.

Several brokerages recently issued reports on NYAX. UBS Group lifted their price target on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th.

Nayax Trading Down 2.6%

Shares of Nayax stock opened at $65.80 on Wednesday. The firm has a market capitalization of $2.41 billion, a PE ratio of 83.29 and a beta of 0.41. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $66.65 and its 200 day moving average is $58.29. Nayax has a 1 year low of $39.17 and a 1 year high of $76.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). The company had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. Equities research analysts forecast that Nayax will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Nayax

In related news, insider Aaron Samuel Greenberg sold 440 shares of Nayax stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $73.31, for a total transaction of $32,256.40. Following the sale, the insider directly owned 25,915 shares in the company, valued at $1,899,828.65. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Carly Lisanne Furman sold 382 shares of Nayax stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $68.08, for a total transaction of $26,006.56. Following the sale, the chief executive officer owned 21,439 shares in the company, valued at approximately $1,459,567.12. This represents a 1.75% decrease in their ownership of the stock. 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. Insiders sold 47,901 shares of company stock worth $3,496,580 over the last quarter.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its position in Nayax by 9.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after buying an additional 330 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Nayax by 8.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after purchasing an additional 594 shares during the period. Osaic Holdings Inc. acquired a new position in shares of Nayax in the 2nd quarter worth approximately $33,000. Finally, Geode Capital Management LLC lifted its position in shares of Nayax by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock worth $1,825,000 after purchasing an additional 715 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.