Nayax (NASDAQ:NYAX) Insider David Ben-Avi Acquires 1,014 Shares

Key Points

• Insider David Ben-Avi purchased 1,014 Nayax shares at an average price of $42.91, investing $43,510.74 and increasing his ownership to 6.59 million shares.
• Nayax shares fell 1.8% to $43.38, substantially below their 52-week high of $76.86. The company recently beat quarterly earnings and revenue estimates, reporting $0.14 EPS and $122.59 million in revenue.
• Analysts maintain a consensus “Hold” rating with an average price target of $75.76, while several firms upgraded the stock to “Outperform.” Institutional investors own 34.87% of Nayax.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider David Ben-Avi acquired 1,014 shares of Nayax stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average cost of $42.91 per share, for a total transaction of $43,510.74. Following the completion of the transaction, the insider directly owned 6,590,148 shares in the company, valued at $282,783,250.68. This trade represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nayax Trading Down 1.8%

Shares of NASDAQ:NYAX traded down $0.79 during trading hours on Tuesday, hitting $43.38. 16,847 shares of the company's stock traded hands, compared to its average volume of 20,257. Nayax Ltd. has a 1 year low of $39.17 and a 1 year high of $76.86. The business has a fifty day moving average price of $56.37 and a 200-day moving average price of $61.51. The firm has a market capitalization of $1.59 billion, a P/E ratio of 206.60 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 quarterly earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $122.59 million during the quarter, compared to analyst estimates of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. Equities analysts expect that Nayax Ltd. will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NYAX. AltraVue Capital LLC purchased a new stake in shares of Nayax in the fourth quarter worth about $11,623,000. Assenagon Asset Management S.A. boosted its position in Nayax by 36.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company's stock worth $15,195,000 after purchasing an additional 72,357 shares in the last quarter. UBS Group AG grew its stake in shares of Nayax by 12,665.1% during the 4th quarter. UBS Group AG now owns 57,443 shares of the company's stock worth $2,907,000 after purchasing an additional 56,993 shares during the period. Y.D. More Investments Ltd increased its holdings in shares of Nayax by 3.1% during the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company's stock valued at $48,387,000 after purchasing an additional 25,694 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of Nayax in the 4th quarter valued at $1,072,000. Hedge funds and other institutional investors own 34.87% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Oppenheimer upgraded Nayax from a "market perform" rating to an "outperform" rating and set a $86.00 price target on the stock in a report on Wednesday, May 27th. UBS Group restated a "neutral" rating and set a $70.00 price objective on shares of Nayax in a research note on Tuesday, August 11th. Weiss Ratings upgraded Nayax from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of Nayax from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods raised shares of Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 price target for the company in a research report on Friday, August 14th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Nayax currently has an average rating of "Hold" and an average target price of $75.76.

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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