Nayax (NASDAQ:NYAX) Stock: Insider Yair Nechmad Buys 22,789 Shares

Key Points

• CEO Yair Nechmad bought 22,789 Nayax shares for approximately $1.02 million, increasing his direct stake to 7.48 million shares. He also made two earlier purchases totaling roughly $5.69 million.
• Nayax shares rose 6.0% to $47.23, while the company’s latest quarterly results exceeded expectations, with EPS of $0.14 versus the $0.09 consensus and revenue of $122.59 million.
• Analysts have a consensus “Hold” rating and an average price target of $75.76, although the stock remains below its 50-day and 200-day moving averages. Institutional investors own about 34.87% of the company.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) CEO Yair Nechmad purchased 22,789 shares of the business's stock in a transaction on Tuesday, September 29th. The stock was purchased at an average cost of $44.79 per share, for a total transaction of $1,020,719.31. Following the completion of the acquisition, the chief executive officer directly owned 7,480,493 shares of the company's stock, valued at approximately $335,051,281.47. The trade was a 0.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, September 28th, Yair Nechmad bought 24,146 shares of Nayax stock. The shares were acquired at an average cost of $45.01 per share, for a total transaction of $1,086,811.46.
• On Thursday, September 24th, Yair Nechmad purchased 104,511 shares of Nayax stock. The shares were acquired at an average price of $44.09 per share, for a total transaction of $4,607,889.99.

Nayax Stock Up 6.0%

Shares of NYAX traded up $2.66 during mid-day trading on Wednesday, hitting $47.23. 20,672 shares of the company traded hands, compared to its average volume of 20,709. The business has a 50 day moving average of $53.84 and a 200 day moving average of $60.96. The company has a market capitalization of $1.73 billion, a PE ratio of 224.90 and a beta of 0.43. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. 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 issued its quarterly 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 analyst estimates of $116.75 million. Equities research analysts anticipate that Nayax Ltd. will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NYAX. Tidal Investments LLC purchased a new position in shares of Nayax during the 2nd quarter worth approximately $650,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax in the second quarter valued at $239,000. Bank of America Corp DE increased 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 in the last quarter. Altshuler Shaham Ltd raised its stake in Nayax by 5.0% in the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company's stock valued at $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% 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 purchasing an additional 25,694 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NYAX. UBS Group reaffirmed a "neutral" rating and set a $70.00 target price on shares of Nayax in a report on Tuesday, August 11th. Barclays decreased 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 note on Tuesday, August 11th. Zacks Research upgraded shares of Nayax from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 1st. 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 report on Friday, August 14th. Finally, Weiss Ratings lowered shares of Nayax from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 22nd. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $75.76.

Key Headlines 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

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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