Altshuler Shaham Ltd Increases Stake in Nayax Ltd. $NYAX

Altshuler Shaham Ltd raised its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 140.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,489 shares of the company’s stock after buying an additional 20,121 shares during the quarter. Altshuler Shaham Ltd’s holdings in Nayax were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in Nayax during the 2nd quarter valued at approximately $33,000. Bank of America Corp DE grew its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in Nayax during the 4th quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. purchased a new stake in Nayax during the 3rd quarter valued at approximately $128,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider David Ben-Avi sold 16,590 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $76.48, for a total value of $1,268,803.20. Following the completion of the sale, the insider directly owned 6,587,718 shares in the company, valued at $503,828,672.64. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aaron Samuel Greenberg sold 440 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $32,256.40. Following the completion of the sale, the insider owned 25,915 shares of the company’s stock, valued at approximately $1,899,828.65. This represents a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 47,901 shares of company stock valued at $3,496,580 over the last 90 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NYAX shares. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. UBS Group increased their price objective on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Wednesday, May 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.20.

Nayax Stock Down 3.9%

Shares of NYAX opened at $63.26 on Thursday. The company has a market cap of $2.32 billion, a PE ratio of 80.08 and a beta of 0.41. The business has a fifty day moving average of $66.74 and a 200 day moving average of $58.42. Nayax Ltd. has a 52-week low of $39.17 and a 52-week high of $76.86. 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 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 return on equity of 14.09% and a net margin of 6.95%. On average, sell-side analysts expect that Nayax Ltd. will post 0.73 EPS for the current year.

Nayax Profile

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.