Nayax (NASDAQ:NYAX) Sees Large Volume Increase – Should You Buy?

by · The Markets Daily

Nayax Ltd. (NASDAQ:NYAX – Get Free Report) shares saw unusually-high trading volume on Tuesday . 92,757 shares traded hands during trading, an increase of 381% from the previous session’s volume of 19,270 shares.The stock last traded at $51.5050 and had previously closed at $52.24.

Analysts Set New Price Targets

NYAX has been the topic of several research analyst reports. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 target price on shares of Nayax in a report on Thursday, May 14th. Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Friday, August 14th. Finally, UBS Group restated a “neutral” rating and issued a $70.00 target price on shares of Nayax in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.76.

View Our Latest Stock Report on Nayax

Nayax Stock Performance

The company’s fifty day simple moving average is $59.95 and its 200 day simple moving average is $61.96. The firm has a market capitalization of $1.80 billion, a PE ratio of 234.14 and a beta of 0.43. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03.

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

Insider Transactions at Nayax

In related news, insider Eden Zafrani sold 500 shares of Nayax stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $64.89, for a total value of $32,445.00. Following the completion of the sale, the insider owned 14,869 shares of the company’s stock, valued at $964,849.41. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sagit Manor sold 1,252 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the completion of the sale, the chief financial officer owned 45,238 shares of the company’s stock, valued at approximately $3,019,184.12. The trade was a 2.69% 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. Insiders sold 3,213 shares of company stock worth $205,569 in the last 90 days.

Hedge Funds Weigh In On Nayax

Several institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in Nayax by 9.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after acquiring an additional 330 shares during the last quarter. Russell Investments Group Ltd. grew its position in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after purchasing an additional 594 shares during the period. Osaic Holdings Inc. bought a new stake in shares of Nayax during the second quarter worth $33,000. Finally, Geode Capital Management LLC lifted its position in shares of Nayax by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock worth $1,825,000 after purchasing an additional 715 shares during the last quarter. Institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

(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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