Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Rating of “Hold” from Analysts

Nayax Ltd. (NASDAQ:NYAX) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $78.16.

A number of research analysts have issued reports on the stock. UBS Group upped their target price on shares of Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, May 27th. Barclays started coverage on shares of Nayax in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $75.00 price objective on the stock. Jefferies Financial Group restated a “buy” rating and set a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Finally, Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.

Nayax Stock Performance

NASDAQ NYAX opened at $66.85 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. Nayax has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The business has a fifty day moving average of $67.09 and a 200-day moving average of $62.78. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 84.62 and a beta of 0.47.

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

Insider Buying and Selling at Nayax

In other news, CFO Sagit Manor sold 1,252 shares of Nayax stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the completion of the sale, the chief financial officer owned 45,238 shares of the company’s stock, valued at $3,019,184.12. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 440 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $73.31, for a total value of $32,256.40. Following the completion of the transaction, the insider owned 25,915 shares of the company’s stock, valued at $1,899,828.65. The trade was a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 47,629 shares of company stock valued at $3,482,786.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NYAX. Bank of America Corp DE lifted its holdings in shares of Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after acquiring an additional 8,727 shares during the period. Altshuler Shaham Ltd increased its position in Nayax by 5.0% during the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,731 shares during the last quarter. Y.D. More Investments Ltd increased its position in Nayax by 3.1% during the first 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 stake in Nayax by 36.4% during the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after purchasing an additional 72,357 shares during the period. Finally, Amundi purchased a new position in Nayax during the fourth quarter worth approximately $302,000. 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.