Nayax Ltd. $NYAX Position Raised by UBS Group AG

UBS Group AG increased its position in shares of Nayax Ltd. (NASDAQ:NYAX) by 12,665.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,443 shares of the company’s stock after purchasing an additional 56,993 shares during the period. UBS Group AG owned 0.16% of Nayax worth $2,907,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised 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 purchasing an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new position in shares of Nayax in the second quarter valued at $33,000. Bank of America Corp DE increased its holdings in shares of Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after buying an additional 956 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of Nayax in the third quarter valued at $128,000. Finally, Ascent Group LLC bought a new position in shares of Nayax in the fourth quarter valued at $206,000. Institutional investors own 34.87% of the company’s stock.

Insiders Place Their Bets

In other Nayax news, CFO Sagit Manor sold 1,754 shares of Nayax stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total transaction of $112,150.76. Following the transaction, the chief financial officer directly owned 47,523 shares in the company, valued at approximately $3,038,620.62. The trade was a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Michal Sever sold 5,000 shares of Nayax stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $64.32, for a total transaction of $321,600.00. Following the transaction, the chief marketing officer owned 17,306 shares in the company, valued at approximately $1,113,121.92. The trade was a 22.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,533 shares of company stock worth $550,228.

Nayax Stock Performance

NASDAQ NYAX opened at $67.98 on Tuesday. Nayax Ltd. has a twelve month low of $38.50 and a twelve month high of $75.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 86.05 and a beta of 0.39. The firm’s 50 day moving average price is $63.17 and its two-hundred day moving average price is $55.33.

Nayax (NASDAQ:NYAX) last posted 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). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The firm had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Equities analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price target on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. UBS Group upped their price target on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. William Blair reaffirmed an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Finally, Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.27.

Nayax Company 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.