Nayax Ltd. (NASDAQ:NYAX) Receives Average Recommendation of “Hold” from Brokerages

Nayax Ltd. (NASDAQ:NYAX) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $78.16.

NYAX has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 target price on shares of Nayax in a research report on Thursday, May 14th. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. UBS Group upped their price target on Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th.

Nayax Price Performance

Nayax stock opened at $64.90 on Friday. The business’s 50-day simple moving average is $67.15 and its 200 day simple moving average is $61.34. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 82.15 and a beta of 0.47. Nayax has a 12-month low of $39.17 and a 12-month 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 announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $106.86 million for 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%. As a group, research analysts anticipate that Nayax will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Nayax

In other Nayax news, CFO Sagit Manor sold 1,252 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the sale, the chief financial officer owned 45,238 shares in the company, valued at approximately $3,019,184.12. The trade was a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 440 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $32,256.40. Following the completion of the sale, the insider directly owned 25,915 shares in the company, valued at approximately $1,899,828.65. This represents a 1.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 50,385 shares of company stock valued at $3,659,391 over the last quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Osaic Holdings Inc. bought a new stake in Nayax in the 2nd quarter valued at about $33,000. Bank of America Corp DE grew its position in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in shares of Nayax in the fourth quarter worth $69,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Nayax in the 3rd quarter valued at approximately $128,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.