Insider Buying: Nayax (NASDAQ:NYAX) CEO Purchases $4,607,889.99 in Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Yair Nechmad bought 104,511 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was acquired at an average cost of $44.09 per share, for a total transaction of $4,607,889.99. Following the acquisition, the chief executive officer directly owned 7,433,558 shares of the company’s stock, valued at $327,745,572.22. The trade was a 1.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Nayax Stock Performance

NYAX stock traded up $2.03 during midday trading on Thursday, reaching $44.66. The company had a trading volume of 13,258 shares, compared to its average volume of 20,352. The firm has a market capitalization of $1.63 billion, a PE ratio of 213.14 and a beta of 0.43. The stock has a 50 day moving average price of $55.58 and a 200 day moving average price of $61.32. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $116.75 million. Analysts anticipate that Nayax Ltd. will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Several institutional investors have recently bought and sold shares of NYAX. AltraVue Capital LLC acquired a new position in Nayax during the 4th quarter valued at about $11,623,000. Assenagon Asset Management S.A. lifted its stake in shares of Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after acquiring an additional 72,357 shares during the period. Y.D. More Investments Ltd lifted its stake in shares of Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after acquiring an additional 25,694 shares during the period. Altshuler Shaham Ltd boosted its holdings in shares of Nayax by 140.0% in the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after acquiring an additional 20,121 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Nayax during the second quarter valued at approximately $650,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Analysts Set New Price Targets

NYAX has been the subject of several analyst reports. Weiss Ratings downgraded shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Wednesday, May 27th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, August 14th. Finally, Barclays cut 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. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.76.

Nayax Company Profile

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company’s products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.