Nayax (NASDAQ:NYAX) CEO Buys $1,020,719.31 in Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Yair Nechmad purchased 22,789 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was acquired at an average price of $44.79 per share, with a total value of $1,020,719.31. Following the completion of the acquisition, the chief executive officer directly owned 7,480,493 shares in the company, valued at $335,051,281.47. The trade was a 0.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Yair Nechmad also recently made the following trade(s):

• On Monday, September 28th, Yair Nechmad acquired 24,146 shares of Nayax stock. The stock was acquired at an average cost of $45.01 per share, with a total value of $1,086,811.46.
• On Thursday, September 24th, Yair Nechmad purchased 104,511 shares of Nayax stock. The stock was acquired at an average price of $44.09 per share, with a total value of $4,607,889.99.

Nayax Trading Up 6.0%

Shares of NASDAQ NYAX traded up $2.66 on Wednesday, reaching $47.23. 20,672 shares of the company traded hands, compared to its average volume of 20,709. The stock has a market capitalization of $1.73 billion, a PE ratio of 224.90 and a beta of 0.43. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average of $53.84 and a 200 day moving average of $60.96.

Nayax (NASDAQ:NYAX) last released its earnings results 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 firm had revenue of $122.59 million during the quarter, compared to the consensus estimate of $116.75 million. Nayax had a net margin of 1.74% and a return on equity of 10.45%. On average, equities research analysts forecast that Nayax Ltd. will post 0.75 earnings per share for the current fiscal year.

More Nayax News

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: Global expansion partnership: Nayax and Santander’s Getnet agreed to integrate Nayax’s payment technology with Getnet’s acquiring network for vending machines, electric-vehicle chargers, kiosks and other unattended-payment businesses. The rollout starts in Chile and is expected to expand to Spain, Portugal, Brazil, Mexico and Argentina, potentially increasing Nayax’s addressable market and transaction volumes. Getnet and Nayax Announce Global Strategic Partnership
• Positive Sentiment: Analyst valuation remains favorable: Brokerages report an average price target of $75.76, substantially above Nayax’s recent trading level. Ratings include four Buys, three Holds and one Sell, producing a consensus “Hold.” UBS maintains a $70 target, while Keefe, Bruyette & Woods has a $75 target and an “Outperform” rating. Nayax Average Analyst Price Target
• Neutral Sentiment: Peer comparison offers limited new information: A Flywire–Nayax financial comparison discusses the companies’ profiles but does not introduce a new earnings outlook, operating development or recommendation likely to materially change the investment case. Flywire and Nayax Financial Contrast
• Negative Sentiment: Multiple insiders sold shares: The CEO, CFO, CMO and other executives sold approximately $41,700 in stock. Filings indicate the sales were primarily to cover tax withholding tied to equity-award vesting, and each executive retained a sizable position, which reduces the bearish significance. Still, the concentrated selling may weigh on sentiment, particularly because NYAX remains below its 50-day and 200-day moving averages. Nayax Insider Selling

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NYAX shares. Barclays dropped their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Friday, August 14th. Weiss Ratings lowered shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, UBS Group reaffirmed a “neutral” rating and set a $70.00 price target on shares of Nayax in a research report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $75.76.

Institutional Investors Weigh In On Nayax

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Nayax in the second quarter valued at approximately $239,000. Bank of America Corp DE raised its holdings in Nayax by 1,607.2% in 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. Tidal Investments LLC acquired a new position in Nayax during the 2nd quarter worth $650,000. Altshuler Shaham Ltd boosted its holdings in Nayax by 140.0% during the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after acquiring an additional 20,121 shares during the period. Finally, AltraVue Capital LLC acquired a new stake in shares of Nayax in the fourth quarter valued at about $11,623,000. Institutional investors own 34.87% of the company’s stock.

About Nayax

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.