Key Points
- Nayax insider David Ben-Avi purchased 1,014 shares at $42.91 each, totaling $43,510.74. His direct holdings rose 0.02% to 6.59 million shares.
- Nayax shares opened at $43.33, well below their 12-month high of $76.86; the company has a $1.59 billion market capitalization and a notably high P/E ratio of 206.33.
- The company exceeded quarterly expectations, reporting $0.14 in EPS versus the $0.09 consensus and revenue of $122.59 million versus $116.75 million expected. Analysts maintain a consensus “Hold” rating with a $75.76 price target.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider David Ben-Avi bought 1,014 shares of Nayax stock in a transaction that occurred on Thursday, September 17th. The shares were acquired at an average price of $42.91 per share, for a total transaction of $43,510.74. Following the acquisition, the insider directly owned 6,590,148 shares in the company, valued at approximately $282,783,250.68. This represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nayax Stock Down 1.9%
Shares of NASDAQ NYAX opened at $43.33 on Wednesday. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86. The company has a market cap of $1.59 billion, a P/E ratio of 206.33 and a beta of 0.43. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average price of $55.99 and a 200 day moving average price of $61.42.
Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%.The company had revenue of $122.59 million for the quarter, compared to analysts' expectations of $116.75 million. Research analysts anticipate that Nayax Ltd. will post 0.75 EPS for the current fiscal year.
Institutional Investors Weigh In On Nayax
Several institutional investors and hedge funds have recently made changes to their positions in NYAX. Public Employees Retirement System of Ohio bought a new position in Nayax during the second quarter worth $239,000. Bank of America Corp DE raised its holdings in shares of Nayax by 1,607.2% during the first quarter. Bank of America Corp DE now owns 9,270 shares of the company's stock worth $519,000 after purchasing an additional 8,727 shares during the period. Tidal Investments LLC acquired a new stake in shares of Nayax during the second quarter worth $650,000. Legato Capital Management LLC bought a new position in shares of Nayax in the 4th quarter worth about $1,072,000. Finally, Altshuler Shaham Ltd lifted its position in shares of Nayax by 140.0% in the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company's stock worth $1,742,000 after buying an additional 20,121 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NYAX has been the topic of several recent research reports. Weiss Ratings raised Nayax from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Oppenheimer upgraded shares of Nayax from a "market perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a research note on Wednesday, May 27th. Barclays reduced their target price on shares of Nayax from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 11th. UBS Group restated a "neutral" rating and issued a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Finally, Zacks Research raised shares of Nayax from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $75.76.
Get Our Latest Analysis on Nayax
About Nayax
(
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.
Further Reading
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