Nayax (NASDAQ:NYAX) Sets New 12-Month High – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $75.00 and last traded at $67.00, with a volume of 33050 shares trading hands. The stock had previously closed at $63.78.

Analyst Ratings Changes

Several brokerages recently issued reports on NYAX. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 price objective on shares of Nayax in a research report on Thursday, May 14th. Finally, UBS Group boosted their price objective on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.27.

Nayax Price Performance

The stock has a market cap of $2.45 billion, a P/E ratio of 84.81 and a beta of 0.39. The company has a 50 day simple moving average of $62.40 and a 200 day simple moving average of $54.63. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53.

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

Insider Buying and Selling at Nayax

In other Nayax news, CFO Sagit Manor sold 1,754 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $112,150.76. Following the sale, the chief financial officer owned 47,523 shares in the company, valued at approximately $3,038,620.62. The trade was a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 1,002 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the completion of the sale, the insider owned 25,753 shares in the company, valued at $1,646,646.82. The trade was a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 8,302 shares of company stock worth $534,751.

Institutional Investors Weigh In On Nayax

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its stake in shares of Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after purchasing an additional 25,694 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Nayax by 4,022.5% during the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after purchasing an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after purchasing an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after purchasing an additional 72,357 shares in the last quarter. Finally, AltraVue Capital LLC bought a new stake in shares of Nayax during the 4th quarter worth approximately $11,623,000. Institutional investors own 34.87% of the company’s stock.

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.