Nayax (NASDAQ:NYAX) Stock: Insider Yair Nechmad Acquires 24,146 Shares

Nayax Ltd. (NASDAQ:NYAX) CEO Yair Nechmad acquired 24,146 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were purchased at an average cost of $45.01 per share, for a total transaction of $1,086,811.46. Following the purchase, the chief executive officer directly owned 7,457,704 shares in the company, valued at approximately $335,671,257.04. This trade represents a 0.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yair Nechmad also recently made the following trade(s):

• On Tuesday, September 29th, Yair Nechmad bought 22,789 shares of Nayax stock. The shares were purchased at an average cost of $44.79 per share, with a total value of $1,020,719.31.
• On Thursday, September 24th, Yair Nechmad bought 104,511 shares of Nayax stock. The stock was purchased at an average price of $44.09 per share, with a total value of $4,607,889.99.

Nayax Stock Performance

NASDAQ NYAX traded up $2.66 during mid-day trading on Wednesday, reaching $47.23. 20,672 shares of the stock were exchanged, compared to its average volume of 20,709. The company has a market capitalization of $1.73 billion, a P/E ratio of 224.90 and a beta of 0.43. 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 business’s 50 day moving average is $53.84 and its 200-day moving average is $60.96. 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $116.75 million. On average, equities research analysts forecast that Nayax Ltd. will post 0.75 EPS for the current fiscal year.

Key Stories Impacting Nayax

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: Global expansion partnership: Nayax and Santander’s Getnet agreed to integrate Nayax’s payment technology with Getnet’s acquiring network for vending machines, electric-vehicle chargers, kiosks and other unattended-payment businesses. The rollout starts in Chile and is expected to expand to Spain, Portugal, Brazil, Mexico and Argentina, potentially increasing Nayax’s addressable market and transaction volumes. Getnet and Nayax Announce Global Strategic Partnership
• Positive Sentiment: Analyst valuation remains favorable: Brokerages report an average price target of $75.76, substantially above Nayax’s recent trading level. Ratings include four Buys, three Holds and one Sell, producing a consensus “Hold.” UBS maintains a $70 target, while Keefe, Bruyette & Woods has a $75 target and an “Outperform” rating. Nayax Average Analyst Price Target
• Neutral Sentiment: Peer comparison offers limited new information: A Flywire–Nayax financial comparison discusses the companies’ profiles but does not introduce a new earnings outlook, operating development or recommendation likely to materially change the investment case. Flywire and Nayax Financial Contrast
• Negative Sentiment: Multiple insiders sold shares: The CEO, CFO, CMO and other executives sold approximately $41,700 in stock. Filings indicate the sales were primarily to cover tax withholding tied to equity-award vesting, and each executive retained a sizable position, which reduces the bearish significance. Still, the concentrated selling may weigh on sentiment, particularly because NYAX remains below its 50-day and 200-day moving averages. Nayax Insider Selling

Analyst Ratings Changes

A number of equities analysts have issued reports on NYAX shares. UBS Group reiterated a “neutral” rating and set a $70.00 price target on shares of Nayax in a research report on Tuesday, August 11th. Barclays cut their price objective 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. Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, August 14th. Weiss Ratings cut shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Finally, Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Nayax currently has a consensus rating of “Hold” and an average target price of $75.76.

Institutional Investors Weigh In On Nayax

A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Nayax during the second quarter worth approximately $239,000. Bank of America Corp DE grew its holdings in Nayax by 1,607.2% in the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after buying an additional 8,727 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Nayax in the 2nd quarter worth $650,000. Altshuler Shaham Ltd raised 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 period. Finally, AltraVue Capital LLC purchased a new position in shares of Nayax during the 4th quarter worth $11,623,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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.