Nayax (NASDAQ:NYAX) CEO Acquires $1,020,719.31 in Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Yair Nechmad purchased 22,789 shares of Nayax stock in a transaction on Tuesday, September 29th. The stock was purchased at an average price of $44.79 per share, for a total transaction of $1,020,719.31. Following the completion of the transaction, the chief executive officer owned 7,480,493 shares of the company’s stock, valued at approximately $335,051,281.47. This represents a 0.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Yair Nechmad also recently made the following trade(s):

• On Wednesday, September 30th, Yair Nechmad acquired 44,148 shares of Nayax stock. The shares were purchased at an average cost of $47.84 per share, with a total value of $2,112,040.32.
• On Monday, September 28th, Yair Nechmad acquired 24,146 shares of Nayax stock. The shares were purchased at an average cost of $45.01 per share, with a total value of $1,086,811.46.
• On Thursday, September 24th, Yair Nechmad bought 104,511 shares of Nayax stock. The stock was purchased at an average price of $44.09 per share, with a total value of $4,607,889.99.

Nayax Stock Up 1.6%

Shares of NYAX opened at $49.00 on Friday. The company has a market capitalization of $1.79 billion, a P/E ratio of 233.33 and a beta of 0.46. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. Nayax Ltd. has a one year low of $39.17 and a one year high of $76.86. The business’s 50 day simple moving average is $52.63 and its 200-day simple moving average is $60.73.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, topping 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, sell-side analysts predict that Nayax Ltd. will post 0.75 EPS for the current fiscal year.

Key Nayax News

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: IPS Group acquisition expands Nayax into smart parking: Nayax completed its $350 million all-cash acquisition of IPS Group, a smart-parking company serving more than 250,000 parking spaces. The deal extends Nayax’s payments and commerce platform into mobility and parking, potentially adding recurring transaction revenue, cross-selling opportunities and a broader customer base. Nayax completes IPS Group acquisition
• Positive Sentiment: CEO continues to buy shares: CEO Yair Nechmad acquired 44,148 shares for approximately $2.1 million at an average price of $47.84. The purchase follows additional buying of 22,789 shares on September 29, 24,146 shares on September 28 and 104,511 shares on September 24. The repeated purchases, which increased his already substantial ownership, may signal management’s confidence that recent weakness has created an attractive entry point. Nayax CEO SEC insider purchase filing
• Neutral Sentiment: Other insider activity is mixed: A Nayax director reportedly purchased 2,854 shares, while several insiders sold small amounts. Some sales were associated with tax withholding on restricted stock awards, reducing their significance as a bearish signal. Nayax director insider transaction
• Negative Sentiment: Execution and valuation risks remain: The acquisition requires substantial cash and must be integrated successfully to justify its price. Nayax also trades well below its 50-day and 200-day moving averages, while its elevated earnings multiple leaves limited room for disappointing growth or integration results.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd raised its stake in shares of Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after buying an additional 25,694 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Nayax by 36.4% in the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after buying an additional 72,357 shares during the period. AltraVue Capital LLC bought a new position in Nayax in the fourth quarter valued at approximately $11,623,000. Altshuler Shaham Ltd boosted its stake in Nayax by 5.0% in the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in Nayax during the 2nd quarter worth $650,000. Institutional investors own 34.87% of the company’s stock.

Analyst Ratings Changes

NYAX has been the subject of a number of research reports. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Barclays reduced their price target on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings cut shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Friday, August 14th. Finally, UBS Group reissued a “neutral” rating and set a $70.00 price target on shares of Nayax in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nayax has a consensus rating of “Hold” and a consensus price target of $75.76.

About Nayax

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.