Nayax Ltd. (NASDAQ:NYAX) Given Average Recommendation of “Hold” by Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $77.20.

A number of brokerages have recently weighed in on NYAX. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. UBS Group raised 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. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price objective on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th.

Nayax Stock Up 5.1%

Shares of NYAX opened at $74.31 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.72 billion, a PE ratio of 94.06 and a beta of 0.39. The business’s 50 day moving average is $63.67 and its 200 day moving average is $55.78. Nayax has a 12-month low of $39.17 and a 12-month high of $75.33.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results 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). The company 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%. Research analysts expect that Nayax will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nayax news, insider Aaron Samuel Greenberg sold 1,002 shares of Nayax 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 $64,067.88. Following the sale, the insider owned 25,753 shares of the company’s stock, valued at $1,646,646.82. The trade was a 3.75% decrease in their position. The transaction was disclosed in a legal 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, CMO Michal Sever sold 5,000 shares of Nayax stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $64.32, for a total value of $321,600.00. Following the completion of the sale, the chief marketing officer directly owned 17,306 shares in the company, valued at approximately $1,113,121.92. The trade was a 22.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,533 shares of company stock valued at $550,228 in the last quarter.

Institutional Trading of Nayax

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake 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 acquiring an additional 400 shares during the last quarter. Osaic Holdings Inc. bought a new stake in Nayax in the 2nd quarter worth approximately $33,000. Bank of America Corp DE increased its stake in Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in Nayax in the 4th quarter worth approximately $69,000. Finally, Alliancebernstein L.P. bought a new position in shares of Nayax during the 3rd quarter valued at approximately $128,000. Institutional investors 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.