AltraVue Capital LLC Takes $11.62 Million Position in Nayax Ltd. $NYAX

AltraVue Capital LLC purchased a new stake in Nayax Ltd. (NASDAQ:NYAX) in the fourth quarter, Holdings Channel reports. The firm purchased 229,713 shares of the company’s stock, valued at approximately $11,623,000. Nayax accounts for approximately 1.0% of AltraVue Capital LLC’s portfolio, making the stock its 26th biggest position.

Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd grew its position in shares of Nayax by 3.2% in the fourth quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock valued at $42,399,000 after purchasing an additional 26,146 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Nayax by 57.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after purchasing an additional 72,354 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of Nayax in the fourth quarter valued at approximately $1,072,000. UBS Group AG grew its position in shares of Nayax by 12,665.1% in the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after purchasing an additional 56,993 shares in the last quarter. Finally, Ascent Group LLC purchased a new stake in shares of Nayax in the fourth quarter valued at approximately $206,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nayax

In related news, insider David Ben-Avi sold 16,590 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $76.48, for a total transaction of $1,268,803.20. Following the transaction, the insider owned 6,587,718 shares of the company’s stock, valued at $503,828,672.64. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Keren Sharir sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $71.80, for a total value of $323,100.00. Following the transaction, the president directly owned 26,876 shares in the company, valued at approximately $1,929,696.80. This represents a 14.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 46,464 shares of company stock valued at $3,398,770.

Nayax Stock Down 4.6%

Nayax stock opened at $65.00 on Friday. Nayax Ltd. has a 1-year low of $39.17 and a 1-year high of $76.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market cap of $2.38 billion, a PE ratio of 82.28 and a beta of 0.41. The stock’s fifty day moving average is $65.29 and its two-hundred day moving average is $57.12.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. On average, sell-side analysts expect that Nayax Ltd. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NYAX. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 27th. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. Finally, Keefe, Bruyette & Woods increased their price target on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.20.

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.