Nayax (NASDAQ:NYAX) Hits New 1-Year High - Should You Buy?

Key Points

• Shares hit a new 52-week high of $72.00 on Tuesday (previous close $70.22) on modest volume of about 1,730 shares.
• Analysts maintain a consensus "Hold" rating with an average price target of $51.67 (three Buys, three Holds, one Sell), well below the current price.
• Nayax beat EPS estimates ($0.35 vs. $0.24) while revenue slightly missed, but the stock trades at a high valuation (market cap $2.64B and P/E ~75.8).

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $72.00 and last traded at $72.0010, with a volume of 1730 shares traded. The stock had previously closed at $70.22.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NYAX shares. William Blair reaffirmed an "outperform" rating on shares of Nayax in a research note on Monday, March 9th. Zacks Research raised Nayax from a "strong sell" rating to a "hold" rating in a research note on Monday, January 19th. Weiss Ratings reissued a "sell (d-)" rating on shares of Nayax in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on Nayax from $52.00 to $60.00 and gave the stock a "market perform" rating in a report on Tuesday, March 10th. Three equities research 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 MarketBeat, Nayax currently has a consensus rating of "Hold" and an average price target of $51.67.

Nayax Price Performance

The company has a quick ratio of 2.16, a current ratio of 2.26 and a debt-to-equity ratio of 1.43. The business has a 50-day moving average price of $59.07 and a two-hundred day moving average price of $52.76. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 75.79 and a beta of 0.39.

Nayax (NASDAQ:NYAX - Get Free Report) last released its quarterly earnings results on Monday, March 9th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $119.45 million during the quarter, compared to analyst estimates of $120.13 million. Nayax had a return on equity of 11.60% and a net margin of 8.87%. As a group, research analysts anticipate that Nayax Ltd. will post 0.84 EPS for the current year.

Insider Buying and Selling at Nayax

In related news, CFO Sagit Manor sold 1,754 shares of the firm's stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76. Following the transaction, the chief financial officer directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 1,002 shares of the firm's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the transaction, the insider directly owned 25,753 shares in the company, valued at approximately $1,646,646.82. This represents a 3.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,032 shares of company stock valued at $195,657 in the last quarter.

Hedge Funds Weigh In On Nayax

A number of large investors have recently modified their holdings of NYAX. Bank of America Corp DE increased its stake in Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after purchasing an additional 1,353 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after buying an additional 89,886 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Nayax by 19.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company's stock worth $1,685,000 after buying an additional 5,523 shares during the last quarter. Legal & General Group Plc grew its position in shares of Nayax by 18.6% in the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company's stock worth $711,000 after buying an additional 2,214 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock worth $30,000 after buying an additional 400 shares during the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

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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