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

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $78.16.

A number of research analysts have weighed in on NYAX shares. Barclays began coverage on Nayax in a report on Wednesday. They set an “equal weight” rating and a $75.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.80 price target on shares of Nayax in a research note on Thursday, May 14th. Wall Street Zen downgraded Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group raised their price objective on Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th.

Insider Activity at Nayax

In related news, President Keren Sharir sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $71.80, for a total value of $323,100.00. Following the sale, the president owned 26,876 shares in the company, valued at $1,929,696.80. This represents a 14.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Ben-Avi sold 16,590 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $76.48, for a total value of $1,268,803.20. Following the completion of the sale, the insider directly owned 6,587,718 shares in the company, valued at $503,828,672.64. This trade represents a 0.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,385 shares of company stock worth $3,659,391 over the last 90 days.

Hedge Funds Weigh In On Nayax

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of Nayax by 1,607.2% during the first 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 during the last quarter. Altshuler Shaham Ltd boosted its holdings in shares of Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,731 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,694 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings 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 purchasing an additional 72,357 shares during the last quarter. Finally, Amundi bought a new position in Nayax during the fourth quarter valued at approximately $302,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Trading Down 1.1%

Shares of NYAX traded down $0.70 during trading hours on Friday, reaching $65.66. 6,825 shares of the company traded hands, compared to its average volume of 12,522. The company’s fifty day moving average price is $67.87 and its two-hundred day moving average price is $60.82. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 83.11 and a beta of 0.47. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53. Nayax has a 12 month low of $39.17 and a 12 month high of $76.86.

Nayax (NASDAQ:NYAX) last released 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). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The company had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. Equities research analysts predict that Nayax will post 0.73 earnings per share for the current fiscal year.

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.