Nayax Ltd. (NASDAQ:NYAX) Stock Has Consensus Price Target of $73.46 According to Brokerages

Nayax Ltd. (NASDAQ:NYAX) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $73.46.

A number of brokerages have recently commented on NYAX. 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 research report on Friday, August 14th. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Jefferies Financial Group initiated coverage on shares of Nayax in a research note on Wednesday, October 7th. They issued a “buy” rating and a $68.30 target price for the company. Weiss Ratings cut Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. Finally, Barclays lowered their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th.

Nayax Trading Up 4.0%

NASDAQ NYAX opened at $50.41 on Tuesday. Nayax has a 12 month low of $39.17 and a 12 month high of $76.86. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. The stock has a 50 day moving average of $47.55 and a 200-day moving average of $58.57. The company has a market cap of $1.85 billion, a PE ratio of 78.18 and a beta of 0.46.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million. Nayax had a net margin of 1.74% and a return on equity of 10.45%. On average, equities research analysts anticipate that Nayax will post 0.75 EPS for the current fiscal year.

Insider Transactions at Nayax

In other Nayax news, CEO Yair Nechmad purchased 104,511 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were acquired at an average price of $44.09 per share, for a total transaction of $4,607,889.99. Following the purchase, the chief executive officer owned 7,433,558 shares in the company, valued at approximately $327,745,572.22. The trade was a 1.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David Ben-Avi purchased 1,554 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average price of $43.18 per share, for a total transaction of $67,101.72. Following the purchase, the insider owned 6,591,702 shares in the company, valued at $284,629,692.36. This trade represents a 0.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $152,241.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd raised its position in shares of Nayax by 3.1% in 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 period. Assenagon Asset Management S.A. boosted its holdings 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 buying an additional 72,357 shares during the period. 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 worth $2,026,000 after buying an additional 1,731 shares during the period. Tidal Investments LLC bought a new stake in shares of Nayax during the 2nd quarter worth about $650,000. Finally, Bank of America Corp DE grew its stake in Nayax by 1,607.2% in the 1st 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. 34.87% of the stock is owned by institutional investors.

About Nayax

Nayax Ltd. (NASDAQ: NYAX) is a global commerce-enablement and payments technology company headquartered in Israel. It provides cashless payment solutions, transaction processing, and business-management tools for operators of unattended and automated retail environments.

The company’s products and services include payment terminals, cloud-based management software, telemetry and monitoring tools, customer engagement solutions, and loyalty capabilities. Nayax’s technology is used across a range of sectors, including vending, electric-vehicle charging, self-service laundries, fuel and convenience retail, parking, hospitality, and other automated or self-service businesses.

Founded in 2005, Nayax serves merchants and consumers in markets around the world through an international network of operations and partners.