Nayax (NASDAQ:NYAX) Shares Gap Up – Should You Buy?

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $49.88, but opened at $52.61. Nayax shares last traded at $53.0760, with a volume of 8,114 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NYAX. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 target price on shares of Nayax in a 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. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods boosted their price objective on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nayax presently has a consensus rating of “Hold” and an average target price of $75.76.

Nayax Stock Performance

The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 254.79 and a beta of 0.47. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $65.94 and its 200-day simple moving average is $62.83.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Nayax had a return on equity of 14.98% 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. Analysts predict that Nayax Ltd. will post 0.58 EPS for the current year.

Insider Buying and Selling

In related news, insider Oren Tepper sold 1,052 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $73.31, for a total transaction of $77,122.12. Following the sale, the insider directly owned 19,392 shares in the company, valued at approximately $1,421,627.52. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eden Zafrani sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $64.89, for a total transaction of $32,445.00. Following the completion of the sale, the insider directly owned 14,869 shares in the company, valued at approximately $964,849.41. This trade represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 47,610 shares of company stock worth $3,481,503 over the last ninety days.

Institutional Investors Weigh In On Nayax

A number of large investors have recently modified their holdings of the company. Y.D. More Investments Ltd lifted its position in shares of Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after purchasing an additional 25,694 shares during the last quarter. Vanguard Group Inc. raised its stake in Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after buying an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after buying an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after buying an additional 72,357 shares during the last quarter. Finally, AltraVue Capital LLC acquired a new position in shares of Nayax during the 4th quarter worth about $11,623,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

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.