Key Points
- Insider sale: Nayax insider Erez Amnipour sold 231 shares on May 19 at an average price of $67.00, totaling about $15,477. His ownership fell by 1.37% to 16,627 shares.
- Recent earnings miss: Nayax reported quarterly EPS of $0.03, missing analyst expectations of $0.08, though revenue of $106.86 million came in slightly above estimates.
- Mixed analyst outlook: Analysts currently have a consensus Hold rating on NYAX with an average price target of $74.27, after several firms raised targets while one downgraded the stock to strong sell.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider Erez Amnipour sold 231 shares of the firm's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $67.00, for a total value of $15,477.00. Following the transaction, the insider owned 16,627 shares in the company, valued at $1,114,009. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Nayax Trading Down 0.3%
NYAX opened at $66.81 on Thursday. The stock's fifty day moving average is $62.62 and its two-hundred day moving average is $54.80. The company has a market capitalization of $2.45 billion, a P/E ratio of 84.57 and a beta of 0.39. Nayax Ltd. has a 52 week low of $38.50 and a 52 week high of $75.00. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.
Nayax (NASDAQ:NYAX - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $106.86 million for the quarter, compared to analysts' expectations of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Keefe, Bruyette & Woods increased their target price on Nayax from $60.00 to $75.00 and gave the company a "market perform" rating in a research report on Wednesday, May 13th. William Blair reaffirmed an "outperform" rating on shares of Nayax in a research report on Monday, March 9th. UBS Group increased their target price on Nayax from $55.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, May 13th. Zacks Research cut Nayax from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $79.80 price objective on shares of Nayax in a research report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Nayax has a consensus rating of "Hold" and an average price target of $74.27.
Read Our Latest Stock Report on NYAX
Institutional Trading of Nayax
A number of institutional investors have recently made changes to their positions in NYAX. Russell Investments Group Ltd. raised its stake in 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 acquiring an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new position in Nayax in the 2nd quarter worth $33,000. Bank of America Corp DE raised 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 acquiring an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in Nayax in the 4th quarter worth $69,000. Finally, Alliancebernstein L.P. purchased a new position in Nayax in the 3rd quarter worth $128,000. Institutional investors and hedge funds own 34.87% of the company's stock.
About Nayax
(
Get Free Report)
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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