Nayax (NASDAQ:NYAX) Shares Up 4.5% – Here’s Why

Nayax Ltd. (NASDAQ:NYAX)’s share price traded up 4.5% during trading on Friday. The company traded as high as $46.75 and last traded at $46.8250. 3,600 shares were traded during mid-day trading, a decline of 83% from the average session volume of 20,873 shares. The stock had previously closed at $44.79.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NYAX. UBS Group reissued a “neutral” rating and set a $70.00 price objective on shares of Nayax in a report on Tuesday, August 11th. Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, August 14th. Barclays decreased their price objective on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Jefferies Financial Group initiated coverage on shares of Nayax in a research note on Wednesday, October 7th. They issued a “buy” rating and a $68.30 price objective for the company. Finally, Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nayax currently has a consensus rating of “Moderate Buy” and an average target price of $73.46.

Nayax Stock Performance

The company has a 50 day moving average price of $48.61 and a 200 day moving average price of $59.96. 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 capitalization of $1.69 billion, a price-to-earnings ratio of 220.33 and a beta of 0.46.

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

Insider Transactions at Nayax

In related news, insider Gal Omer sold 1,500 shares of Nayax stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total value of $67,755.00. Following the sale, the insider owned 18,539 shares of the company’s stock, valued at approximately $837,406.63. The trade was a 7.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David Ben-Avi bought 700 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was purchased at an average cost of $43.07 per share, with a total value of $30,149.00. Following the completion of the transaction, the insider directly owned 6,592,402 shares of the company’s stock, valued at approximately $283,934,754.14. The trade was a 0.01% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $152,241.

Institutional Trading of Nayax

Hedge funds and other institutional investors have recently bought and sold shares of the company. Y.D. More Investments Ltd grew its position in Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after buying an additional 25,694 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Nayax by 140.0% during the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock worth $1,742,000 after acquiring an additional 20,121 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Nayax by 36.4% during the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock valued at $15,195,000 after purchasing an additional 72,357 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Nayax during the 2nd quarter valued at about $650,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Nayax during the 2nd quarter valued at about $239,000. Institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.

The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.