Nayax (NASDAQ:NYAX) Raised to Strong-Buy at Jefferies Financial Group

Key Points

• Jefferies upgraded Nayax to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $73.46.
• Nayax reported quarterly EPS of $0.14, exceeding estimates of $0.09, and revenue of $122.59 million, above the $116.75 million consensus forecast.
• CEO Yair Nechmad purchased 44,148 shares for approximately $2.1 million; insiders have bought about $9.0 million of stock and sold roughly $152,000 over the past 90 days.

Nayax (NASDAQ:NYAX - Get Free Report) was upgraded by stock analysts at Jefferies Financial Group to a "strong-buy" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Nayax from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 22nd. UBS Group reaffirmed a "neutral" rating and issued a $70.00 price objective on shares of Nayax in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods upgraded shares of Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a research note on Friday, August 14th. Zacks Research raised shares of Nayax from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, Barclays decreased their price target on shares of Nayax from $75.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.46.

Nayax Stock Performance

Shares of Nayax stock opened at $46.61 on Tuesday. The business's fifty day simple moving average is $51.39 and its 200 day simple moving average is $60.46. The firm has a market capitalization of $1.71 billion, a P/E ratio of 221.95 and a beta of 0.46. 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.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%.The business had revenue of $122.59 million for the quarter, compared to analysts' expectations of $116.75 million. As a group, analysts anticipate that Nayax will post 0.75 EPS for the current year.

Insider Buying and Selling

In other Nayax news, CEO Yair Nechmad bought 44,148 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of $47.84 per share, for a total transaction of $2,112,040.32. Following the completion of the transaction, the chief executive officer directly owned 7,524,641 shares of the company's stock, valued at $359,978,825.44. This trade represents a 0.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gal Omer sold 1,500 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $45.17, for a total transaction of $67,755.00. Following the transaction, the insider owned 18,539 shares of the company's stock, valued at $837,406.63. This represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders bought 198,962 shares of company stock valued at $8,972,432 and sold 3,161 shares valued at $152,241.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in 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 buying an additional 72,357 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company's stock valued at $48,387,000 after acquiring an additional 25,694 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Nayax by 140.0% in the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company's stock valued at $1,742,000 after acquiring an additional 20,121 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Nayax during the 2nd quarter valued at about $650,000. Finally, Bank of America Corp DE grew its holdings in shares of Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company's stock worth $519,000 after purchasing an additional 8,727 shares in the last quarter. Institutional investors own 34.87% of the company's stock.

About Nayax

Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.

The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.

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