Nayax (NASDAQ:NYAX) Stock Price Up 4.8% – What’s Next?
by Doug Wharley · The Cerbat GemNayax Ltd. (NASDAQ:NYAX – Get Free Report)’s share price rose 4.8% during mid-day trading on Tuesday . The stock traded as high as $66.94 and last traded at $66.8440. Approximately 8,626 shares traded hands during trading, a decline of 58% from the average daily volume of 20,509 shares. The stock had previously closed at $63.78.
Analyst Upgrades and Downgrades
NYAX has been the subject of several analyst reports. William Blair restated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price objective on shares of Nayax in a research report on Thursday, May 14th. UBS Group raised their price objective on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.27.
Read Our Latest Stock Analysis on Nayax
Nayax Trading Up 4.3%
The firm’s 50-day moving average is $62.19 and its 200-day moving average is $54.45. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 84.89 and a beta of 0.39.
Nayax (NASDAQ:NYAX – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). Nayax had a net margin of 6.95% and a return on equity of 14.09%. The business had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. As a group, sell-side analysts anticipate that Nayax Ltd. will post 0.73 EPS for the current fiscal year.
Insider Activity at Nayax
In related news, CMO Michal Sever sold 5,000 shares of Nayax 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 owned 17,306 shares of the company’s stock, valued at approximately $1,113,121.92. This trade represents a 22.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $112,150.76. Following the completion of the sale, the chief financial officer directly owned 47,523 shares of the company’s stock, valued at approximately $3,038,620.62. The trade was a 3.56% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 8,302 shares of company stock valued at $534,751.
Institutional Trading of Nayax
Several hedge funds have recently bought and sold shares of NYAX. Russell Investments Group Ltd. boosted its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new position in Nayax during the 2nd quarter worth $33,000. Bank of America Corp DE boosted 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 during the last quarter. Smartleaf Asset Management LLC purchased a new position in Nayax during the 4th quarter worth $69,000. Finally, Alliancebernstein L.P. purchased a new position in Nayax during the 3rd quarter worth $128,000. Institutional investors and hedge funds own 34.87% of the company’s stock.
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.