Nayax Ltd. (NASDAQ:NYAX) Given Consensus Recommendation of “Hold” by Analysts

Nayax Ltd. (NASDAQ:NYAX) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $74.2667.

Several research analysts recently weighed in on NYAX shares. William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. UBS Group boosted their price objective on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, 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 research report on Wednesday, May 13th.

Nayax Stock Performance

NYAX stock opened at $67.98 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $62.97 and its two-hundred day simple moving average is $55.07. Nayax has a twelve month low of $38.50 and a twelve month high of $75.00. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 86.05 and a beta of 0.39.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $105.64 million. Analysts predict that Nayax will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other Nayax news, CFO Sagit Manor sold 1,754 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $112,150.76. Following the sale, the chief financial officer owned 47,523 shares of the company’s stock, valued at $3,038,620.62. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 1,002 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the completion of the transaction, the insider owned 25,753 shares in the company, valued at approximately $1,646,646.82. The trade was a 3.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 8,533 shares of company stock valued at $550,228.

Institutional Trading of Nayax

A number of institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its stake in Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Osaic Holdings Inc. acquired a new position in Nayax in the second quarter valued at $33,000. Bank of America Corp DE increased its stake in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in Nayax in the fourth quarter valued at $69,000. Finally, Alliancebernstein L.P. acquired a new position in Nayax in the third quarter valued at $128,000. 34.87% of the stock is currently 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.