Nayax Ltd. (NASDAQ:NYAX) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have given Nayax an average consensus rating of "Hold" from seven firms (1 sell, 3 hold, 3 buy) with an average 12‑month price target of $51.67.
• Nayax reported quarterly EPS of $0.35 (vs. $0.24 expected) while revenue was $119.45M (slightly below the $120.13M estimate), and analysts project about 0.84 EPS for the current fiscal year.
• Insiders Aaron Samuel Greenberg and CFO Sagit Manor each sold shares at an average price of $63.94 on April 22 to cover tax withholding from vested awards, reducing their holdings by roughly 3.6–3.8%.

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $51.6667.

A number of research firms have commented on NYAX. Weiss Ratings reiterated a "sell (d-)" rating on shares of Nayax in a research note on Thursday, January 22nd. William Blair reiterated an "outperform" rating on shares of Nayax in a research note on Monday, March 9th. Zacks Research upgraded Nayax from a "strong sell" rating to a "hold" rating in a research note on Monday, January 19th. Finally, Keefe, Bruyette & Woods increased their price target on Nayax from $52.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, March 10th.

Nayax Trading Up 0.5%

Shares of NASDAQ NYAX opened at $66.61 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.26 and a quick ratio of 2.16. The stock has a market capitalization of $2.44 billion, a P/E ratio of 70.12 and a beta of 0.10. Nayax has a 1-year low of $37.95 and a 1-year high of $66.96. The business has a fifty day moving average price of $58.29 and a 200 day moving average price of $52.32.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The firm had revenue of $119.45 million during the quarter, compared to analysts' expectations of $120.13 million. Nayax had a return on equity of 11.60% and a net margin of 8.87%. Equities research analysts expect that Nayax will post 0.84 EPS for the current fiscal year.

Insider Transactions at Nayax

In other Nayax news, insider Aaron Samuel Greenberg sold 1,002 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $64,067.88. Following the completion of the sale, the insider directly owned 25,753 shares in the company, valued at approximately $1,646,646.82. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sagit Manor sold 1,754 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $112,150.76. Following the completion of the sale, the chief financial officer owned 47,523 shares of the company's stock, valued at approximately $3,038,620.62. This trade represents a 3.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NYAX. Russell Investments Group Ltd. increased its holdings in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock valued at $30,000 after purchasing an additional 400 shares during the period. Osaic Holdings Inc. acquired a new stake in Nayax during the second quarter worth about $33,000. Bank of America Corp DE grew its holdings in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after acquiring an additional 1,353 shares during the period. Smartleaf Asset Management LLC acquired a new stake in Nayax during the fourth quarter worth about $69,000. Finally, Alliancebernstein L.P. acquired a new stake in Nayax during the third quarter worth about $128,000. 34.87% of the stock is owned by institutional investors and hedge funds.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.

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