Nayax (NASDAQ:NYAX) Issues Earnings Results

Key Points

• Nayax exceeded quarterly expectations: The company reported earnings of $0.14 per share, beating the $0.09 consensus estimate, while revenue reached $122.59 million versus expectations of $116.75 million.
• Shares trade near $69: Nayax has a $2.53 billion market capitalization, a price-to-earnings ratio of 87.42, and has ranged between $39.17 and $76.86 over the past year.
• Analyst sentiment remains mixed: The stock carries a consensus “Hold” rating and an average price target of $78.16, while insiders sold approximately $3.48 million of shares over the past 90 days.

Nayax (NASDAQ:NYAX - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05, FiscalAI reports. Nayax had a return on equity of 14.09% and a net margin of 6.95%.The firm had revenue of $122.59 million for the quarter, compared to analysts' expectations of $116.75 million.

Nayax Stock Performance

NASDAQ NYAX opened at $69.06 on Monday. The firm's fifty day moving average price is $66.84 and its two-hundred day moving average price is $62.91. The stock has a market cap of $2.53 billion, a PE ratio of 87.42 and a beta of 0.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. Nayax has a fifty-two week low of $39.17 and a fifty-two week high of $76.86.

Insider Buying and Selling

In related news, insider David Ben-Avi sold 16,590 shares of the firm's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $76.48, for a total transaction of $1,268,803.20. Following the sale, the insider owned 6,587,718 shares of the company's stock, valued at $503,828,672.64. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Michal Sever sold 5,000 shares of the company's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.32, for a total value of $321,600.00. Following the completion of the transaction, the chief marketing officer directly owned 17,306 shares of the company's stock, valued at approximately $1,113,121.92. The trade was a 22.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 47,629 shares of company stock worth $3,482,786 in the last ninety days.

Institutional Trading of Nayax

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock valued at $30,000 after buying an additional 400 shares during the last quarter. Osaic Holdings Inc. acquired a new position in Nayax in the 2nd quarter valued at approximately $33,000. Bank of America Corp DE raised its stake in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after acquiring an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in shares of Nayax during the fourth quarter valued at $69,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Nayax during the third quarter worth $128,000. 34.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NYAX. Keefe, Bruyette & Woods upped their price target on shares of Nayax from $60.00 to $75.00 and gave the company a "market perform" rating in a research note on Wednesday, May 13th. UBS Group lifted their price objective on shares of Nayax from $68.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 24th. Barclays started coverage on Nayax in a research report on Wednesday, July 8th. They set an "equal weight" rating and a $75.00 price target on the stock. Wall Street Zen lowered Nayax from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Nayax currently has an average rating of "Hold" and a consensus target price of $78.16.

About Nayax

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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