Nayax Ltd. (NASDAQ:NYAX) Given Consensus Rating of “Hold” by Brokerages

Nayax Ltd. (NASDAQ:NYAX) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $75.76.

NYAX has been the subject of several research reports. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Friday, August 14th. Jefferies Financial Group restated a “buy” rating and set a $79.80 target price on shares of Nayax in a report on Thursday, May 14th. Barclays decreased their target price on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. UBS Group reiterated a “neutral” rating and issued a $70.00 price target on shares of Nayax in a research note on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th.

Nayax Price Performance

NASDAQ:NYAX opened at $51.05 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. The company has a market cap of $1.87 billion, a PE ratio of 243.10 and a beta of 0.47. Nayax has a 52-week low of $39.17 and a 52-week high of $76.86. The stock has a 50-day simple moving average of $62.10 and a 200 day simple moving average of $62.22.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $122.59 million for the quarter, compared to analysts’ expectations of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. On average, sell-side analysts expect that Nayax will post 0.75 EPS for the current fiscal year.

Insider Activity at Nayax

In related news, CEO Carly Lisanne Furman sold 382 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $68.08, for a total transaction of $26,006.56. Following the completion of the transaction, the chief executive officer directly owned 21,439 shares of the company’s stock, valued at approximately $1,459,567.12. This represents a 1.75% decrease in their ownership of the stock. The sale 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, 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 value of $32,445.00. Following the completion of the transaction, the insider owned 14,869 shares of the company’s stock, valued at approximately $964,849.41. This represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,217 shares of company stock valued at $280,726.

Institutional Investors Weigh In On Nayax

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after buying an additional 535,476 shares during the last quarter. AltraVue Capital LLC acquired a new stake in Nayax in the fourth quarter valued at $11,623,000. Goldman Sachs Group Inc. lifted its stake in Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake 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 acquiring an additional 72,357 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Nayax by 12,665.1% in the 4th quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after acquiring an additional 56,993 shares during the period. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.