Nayax (NASDAQ:NYAX) Stock Price Up 4.8% – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) traded up 4.8% during trading on Tuesday . The company traded as high as $66.94 and last traded at $66.8440. 8,626 shares changed hands during trading, a decline of 58% from the average session volume of 20,509 shares. The stock had previously closed at $63.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a $79.80 target price on shares of Nayax in a research note on Thursday, May 14th. UBS Group lifted their target price on Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. William Blair restated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.27.

Nayax Stock Up 4.3%

The stock has a 50 day moving average of $62.19 and a 200-day moving average of $54.45. The firm has a market capitalization of $2.43 billion, a P/E ratio of 84.89 and a beta of 0.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The firm had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. Research analysts predict that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Nayax

In other news, CFO Sagit Manor sold 1,754 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76. Following the sale, the chief financial officer directly owned 47,523 shares in the company, valued at $3,038,620.62. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Michal Sever sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $64.32, for a total value of $321,600.00. Following the sale, the chief marketing officer owned 17,306 shares in the company, valued at approximately $1,113,121.92. This represents a 22.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,302 shares of company stock worth $534,751.

Institutional Investors Weigh In On Nayax

Several hedge funds and other institutional investors have recently modified their holdings of NYAX. Vanguard Group Inc. increased its position in shares of Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after buying an additional 535,476 shares during the period. AltraVue Capital LLC bought a new stake in shares of Nayax during the fourth quarter valued at about $11,623,000. Goldman Sachs Group Inc. increased its position in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after buying an additional 89,886 shares during the period. Assenagon Asset Management S.A. increased its position in shares of 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 buying an additional 72,357 shares during the period. Finally, UBS Group AG increased its position in shares of Nayax by 12,665.1% during the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after buying an additional 56,993 shares during the period. 34.87% of the stock is currently owned by institutional investors.

Nayax Company Profile

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.