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

Key Points

• Analysts maintain a “Hold” consensus on Nayax, with four hold, three buy and one sell rating among eight analysts. The average 12-month price target is $78.16, above the reported $66.85 share price.
• Nayax’s stock has declined 1.6% and trades at a high valuation, with a market capitalization of $2.45 billion and a P/E ratio of 84.62. Its latest quarterly earnings per share of $0.03 missed estimates of $0.08, although revenue exceeded expectations.
• Insiders sold 47,629 shares worth approximately $3.48 million over the past 90 days, while hedge funds and institutional investors own 34.87% of the company.

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have earned an average rating of "Hold" from the eight analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $78.16.

Several brokerages have commented on NYAX. Oppenheimer upgraded shares of Nayax from a "market perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a research report on Wednesday, May 27th. UBS Group raised their price objective on shares of Nayax from $68.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Nayax from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Barclays initiated coverage on shares of Nayax in a report on Wednesday, July 8th. They issued an "equal weight" rating and a $75.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Nayax from $60.00 to $75.00 and gave the company a "market perform" rating in a research report on Wednesday, May 13th.

Insider Transactions at Nayax

In other Nayax news, CEO Carly Lisanne Furman sold 1,753 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $128,512.43. Following the sale, the chief executive officer owned 21,821 shares of the company's stock, valued at approximately $1,599,697.51. This represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David Ben-Avi sold 16,590 shares of the firm's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $76.48, for a total value of $1,268,803.20. Following the completion of the transaction, the insider owned 6,587,718 shares of the company's stock, valued at approximately $503,828,672.64. This represents a 0.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 47,629 shares of company stock worth $3,482,786 over the last ninety days.

Institutional Investors Weigh In On Nayax

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Nayax in the second quarter valued at about $33,000. Bank of America Corp DE grew its position in shares of Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company's stock valued at $63,000 after purchasing an additional 956 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Nayax in the fourth quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Nayax during the 3rd quarter worth approximately $128,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Stock Down 1.6%

NYAX opened at $66.85 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The business has a 50 day simple moving average of $67.09 and a 200-day simple moving average of $62.78. The stock has a market capitalization of $2.45 billion, a P/E ratio of 84.62 and a beta of 0.47. Nayax has a 12 month low of $39.17 and a 12 month high of $76.86.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.05). The business had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. On average, equities analysts anticipate that Nayax will post 0.73 earnings per share for the current fiscal year.

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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