Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $75.76.

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Barclays dropped 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. Finally, UBS Group reiterated a “neutral” rating and issued a $70.00 price objective on shares of Nayax in a research note on Tuesday, August 11th.

Nayax Stock Performance

Shares of NYAX stock opened at $52.24 on Monday. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 248.76 and a beta of 0.43. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. The business has a fifty day moving average of $60.84 and a 200 day moving average of $62.06. Nayax has a 1 year low of $39.17 and a 1 year high of $76.86.

Nayax (NASDAQ:NYAX) last posted 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 the consensus estimate of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. As a group, research analysts expect that Nayax will post 0.75 earnings per share for the current year.

Insider Buying and Selling at Nayax

In other news, CFO Sagit Manor sold 1,252 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the completion of the transaction, the chief financial officer owned 45,238 shares of the company’s stock, valued at $3,019,184.12. The trade was a 2.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $64.89, for a total value of $32,445.00. Following the completion of the sale, the insider owned 14,869 shares in the company, valued at $964,849.41. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,818 shares of company stock worth $184,929.

Institutional Investors Weigh In On Nayax

A number of hedge funds and other institutional investors have recently made changes to their positions in NYAX. Public Employees Retirement System of Ohio grew its position in shares of Nayax by 9.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after acquiring an additional 330 shares during the period. Russell Investments Group Ltd. raised its holdings in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Nayax by 8.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after purchasing an additional 594 shares during the period. Osaic Holdings Inc. purchased a new position in Nayax during the second quarter worth approximately $33,000. Finally, Geode Capital Management LLC boosted its position in Nayax by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock worth $1,825,000 after purchasing an additional 715 shares in the last quarter. 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.