Barclays Begins Coverage on Nayax (NASDAQ:NYAX)

Barclays began coverage on shares of Nayax (NASDAQ:NYAX) in a research note issued to investors on Wednesday,Benzinga reports. The firm set an “equal weight” rating on the stock.

Several other equities research analysts have also weighed in on NYAX. UBS Group increased their target price on shares of Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, May 27th. Keefe, Bruyette & Woods increased their price target on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. Finally, Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Three investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.95.

Nayax Price Performance

NYAX opened at $66.02 on Wednesday. The company has a fifty day moving average price of $67.97 and a two-hundred day moving average price of $60.51. The firm has a market capitalization of $2.42 billion, a PE ratio of 83.57 and a beta of 0.47. Nayax has a 52 week low of $39.17 and a 52 week high of $76.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99.

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 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 company had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. As a group, analysts anticipate that Nayax will post 0.73 earnings per share for the current year.

Insider Transactions at Nayax

In related news, CFO Sagit Manor sold 1,252 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48. Following the completion of the transaction, the chief financial officer directly owned 45,238 shares in the company, valued at approximately $3,019,184.12. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Carly Lisanne Furman sold 382 shares of Nayax stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $68.08, for a total value of $26,006.56. Following the completion of the sale, the chief executive officer directly owned 21,439 shares in the company, valued at approximately $1,459,567.12. This represents a 1.75% 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 three months, insiders have sold 50,385 shares of company stock worth $3,659,391.

Hedge Funds Weigh In On Nayax

Several hedge funds have recently made changes to their positions in NYAX. Y.D. More Investments Ltd lifted its position in shares of Nayax by 3.2% in the fourth quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock worth $42,399,000 after purchasing an additional 26,146 shares in the last quarter. Legato Capital Management LLC bought a new stake in Nayax during the 4th quarter worth about $1,072,000. Assenagon Asset Management S.A. boosted its stake in shares of Nayax by 57.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock worth $10,044,000 after buying an additional 72,354 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in shares of Nayax by 140.0% in the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after acquiring an additional 20,121 shares in the last quarter. Finally, AltraVue Capital LLC bought a new position in shares of Nayax in the 4th quarter valued at about $11,623,000. 34.87% of the stock is owned by 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.