Nayax (NASDAQ:NYAX) CEO Purchases 104,511 Shares of Stock

Key Points

• CEO insider buying: Nayax CEO Yair Nechmad purchased 104,511 shares at an average of $44.09 each, investing approximately $4.61 million and increasing his stake by 1.43%.
• Quarterly results exceeded expectations: Nayax reported quarterly EPS of $0.14 versus the $0.09 consensus estimate, while revenue reached $122.59 million compared with expectations of $116.75 million.
• Mixed analyst outlook: Analysts maintain a consensus “Hold” rating with an average price target of $75.76, despite recent targets ranging from $68 to $86. Shares rose 4.8% to $44.66 but remain well below their 52-week high of $76.86.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) CEO Yair Nechmad acquired 104,511 shares of the firm's stock in a transaction dated Thursday, September 24th. The stock was bought at an average price of $44.09 per share, for a total transaction of $4,607,889.99. Following the completion of the acquisition, the chief executive officer owned 7,433,558 shares in the company, valued at approximately $327,745,572.22. The trade was a 1.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Nayax Trading Up 4.8%

Shares of NASDAQ NYAX traded up $2.03 during trading on Thursday, reaching $44.66. The stock had a trading volume of 13,258 shares, compared to its average volume of 20,352. The company has a market cap of $1.63 billion, a P/E ratio of 213.14 and a beta of 0.43. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. The business's 50-day moving average price is $55.58 and its 200-day moving average price is $61.32. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group reiterated a "neutral" rating and set a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Oppenheimer raised shares of Nayax from a "market perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a research report on Wednesday, May 27th. Weiss Ratings cut Nayax from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday. Barclays reduced their price objective on shares of Nayax from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Nayax from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 1st. Four 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $75.76.

Institutional Investors Weigh In On Nayax

A number of hedge funds and other institutional investors have recently modified their holdings of NYAX. Tidal Investments LLC purchased a new stake in Nayax during the second quarter valued at about $650,000. Public Employees Retirement System of Ohio purchased a new position in Nayax in the second quarter valued at about $239,000. Bank of America Corp DE raised its holdings in Nayax by 1,607.2% in the first quarter. Bank of America Corp DE now owns 9,270 shares of the company's stock valued at $519,000 after acquiring an additional 8,727 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of Nayax by 5.0% during the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company's stock worth $2,026,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its holdings in Nayax by 3.1% during the 1st 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. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

About Nayax

Nayax Ltd. NASDAQ: NYAX is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company's products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.

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