Key Points
- CEO Yair Nechmad purchased 22,789 Nayax shares for approximately $1.02 million at $44.79 per share, bringing his direct ownership to more than 7.48 million shares. Including recent purchases, he acquired 46,935 shares for roughly $2.1 million.
- Nayax’s latest quarterly results exceeded expectations, with EPS of $0.14 versus the $0.09 estimate and revenue of $122.59 million versus the $116.75 million consensus.
- Analyst sentiment remains mixed: the stock carries a consensus “Hold” rating with a $75.76 average price target, while shares recently traded well below their 50-day and 200-day moving averages.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) CEO Yair Nechmad purchased 22,789 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average price of $44.79 per share, with a total value of $1,020,719.31. Following the purchase, the chief executive officer directly owned 7,480,493 shares of the company's stock, valued at $335,051,281.47. The trade was a 0.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Yair Nechmad also recently made the following trade(s):
- On Monday, September 28th, Yair Nechmad acquired 24,146 shares of Nayax stock. The stock was purchased at an average cost of $45.01 per share, for a total transaction of $1,086,811.46.
- On Thursday, September 24th, Yair Nechmad acquired 104,511 shares of Nayax stock. The shares were purchased at an average cost of $44.09 per share, with a total value of $4,607,889.99.
Nayax Stock Performance
NASDAQ:NYAX opened at $47.71 on Thursday. The firm has a market capitalization of $1.75 billion, a PE ratio of 227.19 and a beta of 0.43. The business's fifty day moving average price is $53.43 and its 200 day moving average price is $60.89. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. Nayax Ltd. has a 12 month low of $39.17 and a 12 month high of $76.86.
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. The company had revenue of $122.59 million during the quarter, compared to the consensus estimate of $116.75 million. Nayax had a return on equity of 10.45% and a net margin of 1.74%. On average, sell-side analysts anticipate that Nayax Ltd. will post 0.75 earnings per share for the current fiscal year.
Key Nayax News
Here are the key news stories impacting Nayax this week:
- Positive Sentiment: Getnet partnership expands growth opportunity: Nayax will integrate its payment technology with Santander’s Getnet acquiring network for unattended-payment businesses, including vending machines, electric-vehicle chargers and self-service kiosks. The rollout starts in Chile and is expected to expand into Spain, Portugal, Brazil, Mexico and Argentina, potentially increasing Nayax’s transaction volume and geographic reach. Getnet and Nayax strategic partnership
- Positive Sentiment: CEO buying signals confidence: CEO Yair Nechmad purchased a combined 46,935 shares for approximately $2.1 million at average prices near $45. The purchases increased his already-large ownership position and may reassure investors that management views the recent weakness as an attractive entry point. Nayax SEC insider transaction filing
- Neutral Sentiment: Analyst outlook remains cautiously constructive: Brokerages have an average price target of $75.76, well above recent trading levels, but the consensus rating is “Hold.” Recent ratings include neutral and reduced price targets, alongside one upgrade to “Outperform,” indicating meaningful disagreement about the pace of recovery. Nayax average analyst price target
- Negative Sentiment: Multiple insider sales add some pressure: The CFO and several other insiders sold small amounts of stock. The filings say most transactions covered tax withholding on vested equity awards, making them less concerning than discretionary selling; however, the cluster of sales could still weigh on sentiment. NYAX also trades substantially below its 50-day and 200-day moving averages, while its high earnings multiple leaves limited room for execution disappointments.
Institutional Trading of Nayax
Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in Nayax during the 2nd quarter worth $239,000. Bank of America Corp DE raised its holdings in shares of Nayax by 1,607.2% in the first quarter. Bank of America Corp DE now owns 9,270 shares of the company's stock valued at $519,000 after buying an additional 8,727 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Nayax in the second quarter valued at about $650,000. Altshuler Shaham Ltd boosted its stake in shares of Nayax by 140.0% during the fourth 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 period. Finally, AltraVue Capital LLC acquired a new stake in shares of Nayax during the fourth quarter worth about $11,623,000. Institutional investors and hedge funds own 34.87% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on NYAX. Keefe, Bruyette & Woods upgraded shares of Nayax from a "market perform" rating to an "outperform" rating and set a $75.00 price objective for the company in a research report on Friday, August 14th. Barclays reduced their price target on shares of Nayax from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 11th. UBS Group reaffirmed a "neutral" rating and set a $70.00 price objective on shares of Nayax in a report on Tuesday, August 11th. Zacks Research upgraded Nayax from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut Nayax from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $75.76.
Read Our Latest Report on Nayax
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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