Nayax (NASDAQ:NYAX) Shares Gap Up – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) shares gapped up before the market opened on Wednesday . The stock had previously closed at $64.07, but opened at $67.54. Nayax shares last traded at $68.3130, with a volume of 1,136 shares.

Nayax News Roundup

Here are the key news stories impacting Nayax this week:

• Negative Sentiment: CEO Carly Lisanne Furman sold 109 shares on June 29, adding to a similar sale on June 26; both transactions were small and were reported as equity-award tax withholding sales. SEC filing for Carly Lisanne Furman sale
• Negative Sentiment: CFO Sagit Manor sold 214 shares on June 29, following another small sale on June 26; these were also disclosed as tax withholding sales related to vesting equity awards. SEC filing for Sagit Manor sale
• Negative Sentiment: Other insiders, including Eden Zafrani, Oren Tepper, Aaron Samuel Greenberg, and Michal Sever, also filed small share sales, reinforcing a pattern of insider distribution in the stock. SEC filing for Eden Zafrani sale
• Neutral Sentiment: The company’s latest quarterly results were mixed: revenue beat expectations, but EPS missed estimates, which continues to leave investors focused on profitability execution.
• Neutral Sentiment: Analyst views remain split, with a consensus rating of “Hold” and a price target above recent trading levels, suggesting some confidence in longer-term upside despite recent weakness.

Wall Street Analyst Weigh In

NYAX has been the topic of several analyst reports. UBS Group boosted their price target on shares of Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $78.95.

Nayax Stock Up 4.4%

The business has a 50-day simple moving average of $67.50 and a two-hundred day simple moving average of $59.67. The stock has a market capitalization of $2.50 billion, a P/E ratio of 86.53 and a beta of 0.41. 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 (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The company had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Equities research analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Nayax

In related news, CFO Sagit Manor sold 489 shares of Nayax stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $68.06, for a total transaction of $33,281.34. Following the completion of the transaction, the chief financial officer directly owned 46,783 shares of the company’s stock, valued at $3,184,050.98. This trade represents a 1.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $73.31, for a total transaction of $32,256.40. Following the completion of the transaction, the insider owned 25,915 shares in the company, valued at approximately $1,899,828.65. This trade represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 49,133 shares of company stock worth $3,575,833 over the last ninety days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares during the last quarter. Geode Capital Management LLC raised its position in Nayax by 19.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after purchasing an additional 5,523 shares during the last quarter. Legal & General Group Plc boosted its stake in Nayax by 18.6% in the second quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock worth $711,000 after purchasing an additional 2,214 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. 34.87% of the stock is 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.