Nayax (NASDAQ:NYAX) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

by · The Cerbat Gem

Nayax (NASDAQ:NYAX – Get Free Report) had its price target hoisted by analysts at Keefe, Bruyette & Woods from $60.00 to $75.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 15.09% from the company’s previous close.

NYAX has been the topic of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, UBS Group restated a “neutral” rating and set a $68.00 target price (up from $55.00) on shares of Nayax in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Nayax has a consensus rating of “Hold” and a consensus price target of $63.33.

Check Out Our Latest Stock Report on NYAX

Nayax Trading Down 8.7%

Shares of NYAX traded down $6.23 during trading on Wednesday, reaching $65.17. 19,481 shares of the company traded hands, compared to its average volume of 17,067. The stock has a 50-day simple moving average of $61.38 and a 200-day simple moving average of $53.83. The stock has a market cap of $2.39 billion, a PE ratio of 68.60 and a beta of 0.39. Nayax has a twelve month low of $38.50 and a twelve month high of $74.83. The company has a quick ratio of 2.16, a current ratio of 2.26 and a debt-to-equity ratio of 1.43.

Nayax (NASDAQ:NYAX – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). Nayax had a return on equity of 11.60% and a net margin of 8.87%.The company had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. On average, analysts anticipate that Nayax will post 0.84 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Aaron Samuel Greenberg sold 1,002 shares of the stock in a transaction 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 directly owned 25,753 shares in the company, valued at approximately $1,646,646.82. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sagit Manor sold 1,754 shares of Nayax stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $112,150.76. Following the completion of the transaction, the chief financial officer owned 47,523 shares of the company’s stock, valued at approximately $3,038,620.62. This trade represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 3,032 shares of company stock worth $195,657 in the last ninety days.

Hedge Funds Weigh In On Nayax

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Osaic Holdings Inc. purchased a new position in Nayax in the second quarter worth approximately $33,000. Bank of America Corp DE grew its holdings in Nayax by 254.9% during the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 956 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of Nayax in the 4th quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Nayax in the 3rd quarter valued at approximately $128,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

About Nayax

(Get Free Report)

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.

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