Nayax Ltd. (NASDAQ:NYAX) Stock Has Average Price Target of $73.46

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $73.46.

NYAX has been the subject of a number of recent analyst reports. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Barclays lowered their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Jefferies Financial Group started coverage on shares of Nayax in a research report on Wednesday, October 7th. They issued a “buy” rating and a $68.30 price target on the stock. Weiss Ratings cut shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Finally, UBS Group restated a “neutral” rating and issued a $70.00 price objective on shares of Nayax in a research note on Tuesday, August 11th.

Nayax Stock Performance

NYAX opened at $46.33 on Tuesday. The company has a market cap of $1.70 billion, a PE ratio of 220.62 and a beta of 0.46. The stock has a 50-day moving average of $47.83 and a 200-day moving average of $59.84. Nayax has a 52-week low of $39.17 and a 52-week high of $76.86. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%. The business had revenue of $122.59 million for the quarter, compared to analyst estimates of $116.75 million. As a group, equities research analysts forecast that Nayax will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David Ben-Avi bought 1,554 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average price of $43.18 per share, with a total value of $67,101.72. Following the transaction, the insider directly owned 6,591,702 shares in the company, valued at approximately $284,629,692.36. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Yair Nechmad purchased 104,511 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were purchased at an average price of $44.09 per share, with a total value of $4,607,889.99. Following the completion of the acquisition, the chief executive officer directly owned 7,433,558 shares of the company’s stock, valued at approximately $327,745,572.22. This trade represents a 1.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 198,962 shares of company stock worth $8,972,432 and have sold 3,161 shares worth $152,241.

Hedge Funds Weigh In On Nayax

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in shares of Nayax in the second quarter worth about $239,000. Bank of America Corp DE lifted its position 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 purchasing an additional 8,727 shares during the last quarter. Tidal Investments LLC bought a new stake in Nayax during the 2nd quarter valued at approximately $650,000. Altshuler Shaham Ltd boosted its stake in Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,731 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after purchasing an additional 72,357 shares during the period. 34.87% of the stock is currently owned by institutional investors.

Nayax Company Profile

Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.

The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.