Nayax (NASDAQ:NYAX) CEO Acquires 44,148 Shares of Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Yair Nechmad acquired 44,148 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were bought at an average price of $47.84 per share, for a total transaction of $2,112,040.32. Following the acquisition, the chief executive officer owned 7,524,641 shares in the company, valued at approximately $359,978,825.44. This trade represents a 0.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was bought at an average price of $44.79 per share, with a total value of $1,020,719.31.
• On Monday, September 28th, Yair Nechmad bought 24,146 shares of Nayax stock. The shares were purchased at an average cost of $45.01 per share, for a total transaction of $1,086,811.46.
• On Thursday, September 24th, Yair Nechmad bought 104,511 shares of Nayax stock. The shares were purchased at an average cost of $44.09 per share, for a total transaction of $4,607,889.99.

Nayax Trading Up 1.1%

Shares of NYAX opened at $48.25 on Friday. The stock’s 50-day moving average price is $53.04 and its 200 day moving average price is $60.81. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 229.76 and a beta of 0.46. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%.The company had revenue of $122.59 million during the quarter, compared to the consensus estimate of $116.75 million. As a group, research analysts predict that Nayax Ltd. will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently made changes to their positions in the company. Altshuler Shaham Ltd increased its position in shares of Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,731 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Nayax during the second quarter worth about $239,000. Bank of America Corp DE increased its holdings 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 worth $519,000 after buying an additional 8,727 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Nayax in the second quarter valued at approximately $650,000. Finally, Y.D. More Investments Ltd boosted its holdings in shares of Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after acquiring an additional 25,694 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Friday, August 14th. Weiss Ratings lowered shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, UBS Group reissued a “neutral” rating and issued a $70.00 price target on shares of Nayax in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nayax presently has a consensus rating of “Hold” and a consensus price target of $75.76.

Key Stories Impacting Nayax

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: IPS Group acquisition completed: Nayax closed its acquisition of IPS Group for $350 million in cash. IPS operates a smart-parking platform serving more than 250,000 parking spaces, giving Nayax exposure to a new mobility vertical and the potential for additional payment volume, recurring software revenue and cross-selling opportunities. Nayax completes acquisition of IPS Group
• Positive Sentiment: Heavy CEO buying supports sentiment: CEO Yair Nechmad bought 22,789 shares at an average $44.79 and previously acquired 24,146 shares at approximately $45.01. The purchases totaled more than $2.1 million and increased his already significant ownership, potentially reassuring investors that management considers current valuation attractive. Nayax insider transaction filing
• Positive Sentiment: Additional insider purchase: A Nayax director acquired 2,854 shares in an amended filing, adding to the recent insider-buying narrative and providing a modest confidence signal. Nayax director share purchase
• Positive Sentiment: International payments partnership: Nayax and Santander’s Getnet are expanding integrated payments for vending, EV charging and kiosks, initially in Chile with planned expansion across Iberia and Latin America. This could broaden Nayax’s geographic reach and transaction volumes. Nayax and Getnet partnership
• Negative Sentiment: Cash acquisition and execution risk: The $350 million cash outlay could increase financing needs and leaves Nayax dependent on successful IPS integration and realization of expected synergies. A separate 54-share sale by the chief strategy officer was reported as RSU tax withholding, making it less significant than discretionary selling. Nayax acquires IPS Group for cash

Nayax Company Profile

Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.

The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.