David Ben-Avi Buys 1,014 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi purchased 1,014 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was acquired at an average price of $42.91 per share, with a total value of $43,510.74. Following the purchase, the insider owned 6,590,148 shares in the company, valued at $282,783,250.68. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nayax Price Performance

NASDAQ NYAX traded down $0.79 during trading hours on Tuesday, reaching $43.38. The company’s stock had a trading volume of 16,847 shares, compared to its average volume of 20,257. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 206.60 and a beta of 0.43. The company’s 50-day moving average is $56.37 and its two-hundred day moving average is $61.51. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. Nayax Ltd. has a 1-year low of $39.17 and a 1-year high of $76.86.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NYAX shares. UBS Group reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Nayax in a report on Tuesday, August 11th. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a report on Wednesday, May 27th. Finally, Barclays dropped their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $75.76.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in Nayax during the second quarter worth $239,000. Bank of America Corp DE increased its position in shares of Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after purchasing an additional 8,727 shares during the last quarter. Tidal Investments LLC purchased a new stake in Nayax in the 2nd quarter valued at about $650,000. Legato Capital Management LLC acquired a new position in Nayax in the fourth quarter valued at about $1,072,000. Finally, Altshuler Shaham Ltd boosted its stake in Nayax by 140.0% during the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock worth $1,742,000 after buying an additional 20,121 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Company Profile

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.