Nayax (NASDAQ:NYAX) Insider Acquires 1,554 Shares

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi acquired 1,554 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were bought at an average cost of $43.18 per share, with a total value of $67,101.72. Following the completion of the acquisition, the insider directly owned 6,591,702 shares in the company, valued at $284,629,692.36. The trade was a 0.02% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

David Ben-Avi also recently made the following trade(s):

• On Thursday, September 24th, David Ben-Avi bought 100 shares of Nayax stock. The stock was acquired at an average price of $42.09 per share, for a total transaction of $4,209.00.
• On Wednesday, September 23rd, David Ben-Avi bought 700 shares of Nayax stock. The stock was purchased at an average price of $43.07 per share, for a total transaction of $30,149.00.
• On Thursday, September 17th, David Ben-Avi purchased 1,014 shares of Nayax stock. The shares were acquired at an average cost of $42.91 per share, with a total value of $43,510.74.

Nayax Trading Up 4.8%

Shares of NYAX traded up $2.03 during trading hours on Thursday, reaching $44.66. 13,258 shares of the company traded hands, compared to its average volume of 20,352. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 213.14 and a beta of 0.43. The company’s fifty day moving average price is $55.58 and its two-hundred day moving average price is $61.32. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $76.86. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Nayax had a net margin of 1.74% and a return on equity of 10.45%. The business had revenue of $122.59 million for the quarter, compared to analyst estimates of $116.75 million. Equities research analysts predict that Nayax Ltd. will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Large investors have recently modified their holdings of the business. Tidal Investments LLC purchased a new stake in shares of Nayax during the second quarter valued at $650,000. Public Employees Retirement System of Ohio purchased a new position in Nayax during the second quarter valued at approximately $239,000. Bank of America Corp DE boosted its holdings in Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after buying an additional 8,727 shares in the last quarter. Altshuler Shaham Ltd grew its position in shares of Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,731 shares during the period. Finally, Y.D. More Investments Ltd grew its holdings in Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,694 shares during the period. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group restated a “neutral” rating and issued a $70.00 price objective on shares of Nayax in a research note on Tuesday, August 11th. Barclays cut 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 note on Tuesday, August 11th. Keefe, Bruyette & Woods raised Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Friday, August 14th. Oppenheimer raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, May 27th. Finally, Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.76.

About Nayax

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company’s products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.