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

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research 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 1-year price target among analysts that have issued a report on the stock in the last year is $75.76.

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. UBS Group reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Nayax in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating and set a $79.80 price target on shares of Nayax in a research note on Thursday, May 14th. Weiss Ratings upgraded Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st.

Nayax Stock Performance

NASDAQ NYAX opened at $49.88 on Thursday. Nayax has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 237.52 and a beta of 0.47. The business has a fifty day moving average of $65.94 and a 200-day moving average of $62.83. 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 released its earnings results on Monday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Nayax had a net margin of 1.74% and a return on equity of 14.98%. The company had revenue of $122.59 million for the quarter, compared to analyst estimates of $116.75 million. As a group, analysts predict that Nayax will post 0.58 earnings per share for the current fiscal year.

Insider Activity at Nayax

In related news, CEO Carly Lisanne Furman sold 1,753 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $73.31, for a total value of $128,512.43. Following the sale, the chief executive officer directly owned 21,821 shares of the company’s stock, valued at approximately $1,599,697.51. This trade represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 David Ben-Avi sold 16,590 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $76.48, for a total transaction of $1,268,803.20. Following the completion of the sale, the insider owned 6,587,718 shares of the company’s stock, valued at approximately $503,828,672.64. The trade was a 0.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 47,610 shares of company stock worth $3,481,503.

Hedge Funds Weigh In On Nayax

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in shares of Nayax by 210.5% during 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 during 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 boosted its holdings in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in Nayax during the fourth quarter valued at about $69,000. Finally, Alliancebernstein L.P. purchased a new stake in Nayax during the third quarter valued at about $128,000. 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.