Key Points
- Nayax CEO Yair Nechmad bought 44,148 shares for approximately $2.1 million at $47.84 per share, increasing his stake by 0.59% to more than 7.5 million shares. The purchase follows three other significant acquisitions in late September.
- Nayax completed its $350 million all-cash acquisition of IPS Group, expanding its payments platform into smart parking and potentially broadening recurring transaction revenue and cross-selling opportunities.
- The company beat quarterly earnings and revenue expectations, but valuation and execution risks remain: the stock trades below its 50-day and 200-day moving averages, carries a high earnings multiple, and must successfully integrate the acquisition.
Nayax Ltd. (NASDAQ:NYAX - Get Free Report) CEO Yair Nechmad purchased 44,148 shares of the business's stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of $47.84 per share, with a total value of $2,112,040.32. Following the completion of the purchase, the chief executive officer owned 7,524,641 shares of the company's stock, valued at $359,978,825.44. This trade represents a 0.59% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Yair Nechmad also recently made the following trade(s):
- On Tuesday, September 29th, Yair Nechmad acquired 22,789 shares of Nayax stock. The shares were bought at an average price of $44.79 per share, for a total transaction of $1,020,719.31.
- On Monday, September 28th, Yair Nechmad acquired 24,146 shares of Nayax stock. The shares were bought at an average price 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 stock was bought 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 $49.00 on Friday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 233.33 and a beta of 0.46. Nayax Ltd. has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. The stock has a fifty day moving average price of $52.63 and a 200-day moving average price of $60.73.
Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results 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. As a group, equities analysts anticipate that Nayax Ltd. will post 0.75 EPS for the current fiscal year.
Key Stories Impacting Nayax
Here are the key news stories impacting Nayax this week:
- Positive Sentiment: IPS Group acquisition expands Nayax into smart parking: Nayax completed its $350 million all-cash acquisition of IPS Group, a smart-parking company serving more than 250,000 parking spaces. The deal extends Nayax’s payments and commerce platform into mobility and parking, potentially adding recurring transaction revenue, cross-selling opportunities and a broader customer base. Nayax completes IPS Group acquisition
- Positive Sentiment: CEO continues to buy shares: CEO Yair Nechmad acquired 44,148 shares for approximately $2.1 million at an average price of $47.84. The purchase follows additional buying of 22,789 shares on September 29, 24,146 shares on September 28 and 104,511 shares on September 24. The repeated purchases, which increased his already substantial ownership, may signal management’s confidence that recent weakness has created an attractive entry point. Nayax CEO SEC insider purchase filing
- Neutral Sentiment: Other insider activity is mixed: A Nayax director reportedly purchased 2,854 shares, while several insiders sold small amounts. Some sales were associated with tax withholding on restricted stock awards, reducing their significance as a bearish signal. Nayax director insider transaction
- Negative Sentiment: Execution and valuation risks remain: The acquisition requires substantial cash and must be integrated successfully to justify its price. Nayax also trades well below its 50-day and 200-day moving averages, while its elevated earnings multiple leaves limited room for disappointing growth or integration results.
Wall Street Analyst Weigh In
NYAX has been the topic of several recent analyst reports. Barclays decreased their target price 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. Weiss Ratings lowered shares of Nayax from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, September 22nd. Zacks Research raised shares of Nayax from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 1st. 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. Finally, UBS Group restated a "neutral" rating and set a $70.00 price objective on shares of Nayax in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $75.76.
Read Our Latest Research Report on NYAX
Institutional Trading of Nayax
Hedge funds and other institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd increased its holdings in shares of Nayax by 3.1% during the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company's stock worth $48,387,000 after buying an additional 25,694 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Nayax by 36.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company's stock worth $15,195,000 after acquiring an additional 72,357 shares during the last quarter. AltraVue Capital LLC acquired a new position in Nayax in the 4th quarter worth about $11,623,000. Altshuler Shaham Ltd increased its holdings in Nayax by 5.0% in the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company's stock worth $2,026,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Nayax in the second quarter valued at about $650,000. Institutional investors own 34.87% of the company's stock.
About Nayax
(
Get Free Report)
Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.
The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.
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