Nayax Ltd. (NASDAQ:NYAX) Given Average Recommendation of “Hold” by Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $77.20.

A number of analysts have issued reports on NYAX shares. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. William Blair reiterated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, 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.

Insiders Place Their Bets

In other Nayax news, insider David Ben-Avi sold 16,590 shares of Nayax stock in a transaction on Friday, May 29th. The shares were sold at an average price of $76.48, for a total value of $1,268,803.20. Following the completion of the transaction, the insider directly owned 6,587,718 shares of the company’s stock, valued at $503,828,672.64. This trade represents a 0.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Carly Lisanne Furman sold 1,753 shares of Nayax stock in a transaction on Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $128,512.43. Following the completion of the transaction, the chief executive officer directly owned 21,821 shares of the company’s stock, valued at $1,599,697.51. The trade was a 7.44% 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. Over the last ninety days, insiders sold 47,901 shares of company stock worth $3,496,580.

Hedge Funds Weigh In On Nayax

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake 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 buying an additional 400 shares in the last quarter. Osaic Holdings Inc. purchased a new position in shares of Nayax in the 2nd quarter worth $33,000. Bank of America Corp DE grew its stake in shares of Nayax by 254.9% in the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after buying an additional 956 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of Nayax in the 4th quarter worth $69,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Nayax in the 3rd quarter worth $128,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Stock Performance

Shares of NASDAQ NYAX opened at $64.79 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market cap of $2.37 billion, a P/E ratio of 82.01 and a beta of 0.41. The firm’s fifty day moving average is $67.19 and its two-hundred day moving average is $58.99. Nayax has a 52-week low of $39.17 and a 52-week 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 analysts’ consensus estimates of $0.08 by ($0.05). The company had revenue of $106.86 million during 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%. As a group, analysts anticipate that Nayax will post 0.73 EPS for the current fiscal year.

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.