Nayax (NASDAQ:NYAX) CEO Purchases 24,146 Shares of Company Stock

Key Points

• Nayax CEO Yair Nechmad purchased 24,146 shares at an average price of $45.01, investing approximately $1.09 million and increasing his direct ownership to 7.46 million shares. He also made two additional purchases totaling about $5.63 million in the prior week.
• Nayax shares recently traded at $47.23, well below their 52-week high of $76.86 and below both the 50-day and 200-day moving averages. The company has a $1.73 billion market capitalization and a high price-to-earnings ratio of 224.90.
• Quarterly results exceeded expectations, with earnings per share of $0.14 versus a $0.09 estimate and revenue of $122.59 million. Analysts maintain a consensus “Hold” rating, with an average price target of $75.76.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) CEO Yair Nechmad bought 24,146 shares of the company's stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average price of $45.01 per share, for a total transaction of $1,086,811.46. Following the completion of the acquisition, the chief executive officer directly owned 7,457,704 shares in the company, valued at approximately $335,671,257.04. This represents a 0.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Yair Nechmad also recently made the following trade(s):

• On Tuesday, September 29th, Yair Nechmad bought 22,789 shares of Nayax stock. The shares were acquired at an average price of $44.79 per share, with a total value of $1,020,719.31.
• On Thursday, September 24th, Yair Nechmad purchased 104,511 shares of Nayax stock. The stock was acquired at an average price of $44.09 per share, for a total transaction of $4,607,889.99.

Nayax Price Performance

Shares of NASDAQ NYAX traded up $2.66 during mid-day trading on Wednesday, reaching $47.23. The company had a trading volume of 20,672 shares, compared to its average volume of 20,709. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. The stock has a market cap of $1.73 billion, a PE ratio of 224.90 and a beta of 0.43. The company has a 50-day moving average price of $53.84 and a two-hundred day moving average price of $60.96. Nayax Ltd. has a 1-year low of $39.17 and a 1-year high of $76.86.

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. The business had revenue of $122.59 million during the quarter, compared to analysts' expectations of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. On average, equities analysts anticipate that Nayax Ltd. will post 0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NYAX. Barclays lowered their target price on Nayax from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 11th. UBS Group reissued a "neutral" rating and issued a $70.00 price target on shares of Nayax in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods upgraded Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 price objective for the company in a research report on Friday, August 14th. Weiss Ratings lowered Nayax from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, September 22nd. Finally, Zacks Research upgraded Nayax from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $75.76.

Key Stories Impacting Nayax

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: Global expansion partnership: Nayax and Santander’s Getnet agreed to integrate Nayax’s payment technology with Getnet’s acquiring network for vending machines, electric-vehicle chargers, kiosks and other unattended-payment businesses. The rollout starts in Chile and is expected to expand to Spain, Portugal, Brazil, Mexico and Argentina, potentially increasing Nayax’s addressable market and transaction volumes. Getnet and Nayax Announce Global Strategic Partnership
• Positive Sentiment: Analyst valuation remains favorable: Brokerages report an average price target of $75.76, substantially above Nayax’s recent trading level. Ratings include four Buys, three Holds and one Sell, producing a consensus “Hold.” UBS maintains a $70 target, while Keefe, Bruyette & Woods has a $75 target and an “Outperform” rating. Nayax Average Analyst Price Target
• Neutral Sentiment: Peer comparison offers limited new information: A Flywire–Nayax financial comparison discusses the companies’ profiles but does not introduce a new earnings outlook, operating development or recommendation likely to materially change the investment case. Flywire and Nayax Financial Contrast
• Negative Sentiment: Multiple insiders sold shares: The CEO, CFO, CMO and other executives sold approximately $41,700 in stock. Filings indicate the sales were primarily to cover tax withholding tied to equity-award vesting, and each executive retained a sizable position, which reduces the bearish significance. Still, the concentrated selling may weigh on sentiment, particularly because NYAX remains below its 50-day and 200-day moving averages. Nayax Insider Selling

Institutional Investors Weigh In On Nayax

Several large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax during the 2nd quarter worth approximately $239,000. Bank of America Corp DE grew its position in Nayax by 1,607.2% during the 1st 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 during the period. Tidal Investments LLC acquired a new stake in Nayax during the 2nd quarter worth about $650,000. Altshuler Shaham Ltd raised its stake in shares of Nayax by 140.0% during the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company's stock valued at $1,742,000 after buying an additional 20,121 shares during the last quarter. Finally, AltraVue Capital LLC acquired a new position in shares of Nayax in the 4th quarter valued at about $11,623,000. 34.87% of the stock is currently owned by institutional investors.

Nayax Company Profile

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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