Key Points
- CEO Yair Nechmad purchased 104,511 Nayax shares at an average price of $44.09, investing approximately $4.61 million and increasing his ownership by 1.43% to 7.43 million shares.
- Nayax’s latest quarterly results exceeded expectations, with EPS of $0.14 versus the $0.09 consensus and revenue of $122.59 million versus the $116.75 million estimate.
- The stock traded at $44.75, well below its 52-week high of $76.86 and below its 50- and 200-day moving averages; analysts maintained an overall “Hold” rating despite an average price target of $75.76.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) insider David Ben-Avi acquired 700 shares of the company's stock in a transaction that occurred on Wednesday, September 23rd. The stock was bought at an average cost of $43.07 per share, with a total value of $30,149.00. Following the purchase, the insider owned 6,592,402 shares in the company, valued at $283,934,754.14. The trade was a 0.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
David Ben-Avi also recently made the following trade(s):
- On Thursday, September 24th, David Ben-Avi bought 100 shares of Nayax stock. The shares were bought at an average cost of $42.09 per share, for a total transaction of $4,209.00.
- On Tuesday, September 22nd, David Ben-Avi purchased 1,554 shares of Nayax stock. The shares were bought at an average price of $43.18 per share, with a total value of $67,101.72.
- On Thursday, September 17th, David Ben-Avi purchased 1,014 shares of Nayax stock. The stock was purchased at an average price of $42.91 per share, with a total value of $43,510.74.
Nayax Trading Up 5.0%
NASDAQ NYAX opened at $44.75 on Friday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 213.10 and a beta of 0.43. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. The business's fifty day moving average is $55.17 and its 200 day moving average is $61.24.
Nayax (NASDAQ:NYAX - Get Free Report) last issued its 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. The business had revenue of $122.59 million during the quarter, compared to analysts' expectations of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. As a group, sell-side analysts expect that Nayax Ltd. will post 0.75 EPS for the current fiscal year.
More Nayax News
Here are the key news stories impacting Nayax this week:
- Positive Sentiment: CEO Yair Nechmad purchased 104,511 shares at an average price of $44.09, investing approximately $4.61 million and increasing his direct ownership by 1.43%. The purchase is a notable signal of management confidence in Nayax’s long-term prospects. CEO insider purchase filing
- Positive Sentiment: Director David Ben-Avi made four additional purchases between September 17 and September 24, acquiring a combined 3,368 shares for roughly $145,000. Although small relative to his existing stake, the repeated buying adds to the overall insider-confidence signal. Nayax insider buying report
- Positive Sentiment: Nayax’s latest quarterly results exceeded expectations, with earnings per share of $0.14 versus a $0.09 consensus estimate and revenue of $122.59 million versus expectations of $116.75 million. This provides fundamental support for the recent buying interest.
- Neutral Sentiment: A report stated that short interest totaled zero shares, implying no days to cover. Because the figure conflicts with the description of a “large increase” in short interest, investors should treat the data cautiously until confirmed.
- Neutral Sentiment: Institutional ownership is 34.87%, with several funds recently initiating or increasing positions. This suggests some professional-investor interest but does not establish a broad consensus.
- Negative Sentiment: The shares remain substantially below their 52-week high and below both the 50-day and 200-day moving averages. Nayax also trades at a very elevated earnings multiple, while the analyst consensus remains “Hold,” with target-price reductions from some firms.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Nayax from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 1st. UBS Group restated a "neutral" rating and issued a $70.00 price target on shares of Nayax in a research report on Tuesday, August 11th. Weiss Ratings downgraded shares of Nayax from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday. Barclays cut their price target on shares of Nayax from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods raised shares of Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 price objective on the stock in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $75.76.
Get Our Latest Research Report on NYAX
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the 2nd quarter worth approximately $239,000. Bank of America Corp DE lifted its position in shares of Nayax by 1,607.2% during the 1st 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 period. Tidal Investments LLC bought a new position in Nayax during the second quarter worth $650,000. Altshuler Shaham Ltd grew its holdings in Nayax by 140.0% in the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company's stock worth $1,742,000 after purchasing an additional 20,121 shares during the period. Finally, AltraVue Capital LLC acquired a new stake in Nayax in the fourth quarter worth $11,623,000. 34.87% of the stock is owned by institutional investors and hedge funds.
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.
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