Nayax (NASDAQ:NYAX) Upgraded to “Hold” at Barclays

Barclays upgraded shares of Nayax (NASDAQ:NYAX) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, May 27th. Finally, Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nayax has a consensus rating of “Hold” and an average price target of $78.16.

Nayax Stock Performance

Shares of NASDAQ NYAX opened at $66.36 on Tuesday. Nayax has a 12 month low of $39.17 and a 12 month high of $76.86. The company has a market cap of $2.43 billion, a P/E ratio of 84.00 and a beta of 0.47. The business’s 50 day moving average is $67.91 and its two-hundred day moving average is $60.79. 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 (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The business 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%. On average, equities analysts expect that Nayax will post 0.73 EPS for the current year.

Insiders Place Their Bets

In related news, insider David Ben-Avi sold 16,590 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $76.48, for a total transaction of $1,268,803.20. Following the completion of the transaction, the insider owned 6,587,718 shares in the company, valued at $503,828,672.64. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Michal Sever sold 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were 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. This represents a 22.42% decrease in their position. 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 in the last 90 days.

Hedge Funds Weigh In On Nayax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NYAX. Y.D. More Investments Ltd grew its stake in Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after buying an additional 25,694 shares during the last quarter. Vanguard Group Inc. raised its position in Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after purchasing an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in 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 buying an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. lifted its position 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 worth $15,195,000 after purchasing an additional 72,357 shares in the last quarter. Finally, AltraVue Capital LLC acquired a new position in Nayax during the 4th quarter worth $11,623,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.