Key Points
- Insider sale: Nayax insider Gal Omer sold 1,500 shares at an average price of $45.17, generating $67,755. Following the transaction, Omer retained 18,539 shares, a 7.49% reduction in ownership.
- Recent financial results: Nayax reported quarterly EPS of $0.14, exceeding the $0.09 analyst consensus, while revenue of $122.59 million also surpassed expectations. Analysts project full-year EPS of $0.75.
- Mixed outlook: The stock opened at $43.74, well below its 52-week high of $76.86. Analysts’ consensus rating is Hold, with an average price target of $75.76, while institutional investors own 34.87% of shares.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider Gal Omer sold 1,500 shares of the business's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $45.17, for a total value of $67,755.00. Following the completion of the sale, the insider directly owned 18,539 shares in the company, valued at $837,406.63. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Nayax Price Performance
Shares of NASDAQ:NYAX opened at $43.74 on Friday. Nayax Ltd. has a 1-year low of $39.17 and a 1-year high of $76.86. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. The business has a fifty day moving average price of $57.19 and a 200-day moving average price of $61.65. The company has a market capitalization of $1.60 billion, a PE ratio of 208.29 and a beta of 0.43.
Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. Nayax had a net margin of 1.74% and a return on equity of 10.45%. The company had revenue of $122.59 million for the quarter, compared to analysts' expectations of $116.75 million. As a group, equities analysts expect that Nayax Ltd. will post 0.75 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd lifted its holdings in shares of Nayax by 5.0% during the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company's stock valued at $2,026,000 after buying an additional 1,731 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Nayax in the second quarter worth $239,000. Bank of America Corp DE increased its position in Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company's stock valued at $519,000 after acquiring an additional 8,727 shares during the last quarter. Tidal Investments LLC purchased a new stake in Nayax during the second quarter valued at $650,000. Finally, Legato Capital Management LLC bought a new position in Nayax in the fourth quarter valued at about $1,072,000. 34.87% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on NYAX. UBS Group reissued a "neutral" rating and set a $70.00 price target on shares of Nayax in a research report on Tuesday, August 11th. Barclays cut their target price on Nayax from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods raised Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 target price for the company in a report on Friday, August 14th. Zacks Research upgraded Nayax from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings raised Nayax from a "sell (d-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $75.76.
Read Our Latest Analysis on NYAX
Nayax Company Profile
(
Get Free Report)
Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.
The company's products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.
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