Nayax (NASDAQ:NYAX) Upgraded by Keefe, Bruyette & Woods to “Outperform” Rating

Keefe, Bruyette & Woods upgraded shares of Nayax (NASDAQ:NYAX) from a market perform rating to an outperform rating in a report issued on Friday, Marketbeat reports. They currently have $75.00 price target on the stock.

Several other brokerages also recently commented on NYAX. UBS Group restated a “neutral” rating and set a $70.00 target price on shares of Nayax in a report on Tuesday. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday. Barclays cut their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Wednesday, May 27th. Four 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.76.

Nayax Stock Performance

Shares of Nayax stock opened at $50.60 on Friday. The stock’s fifty day simple moving average is $65.36 and its 200 day simple moving average is $62.70. The company has a current ratio of 2.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $1.85 billion, a PE ratio of 240.95 and a beta of 0.47. Nayax has a 12 month low of $39.17 and a 12 month high of $76.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 13.23% and a net margin of 1.74%. On average, research analysts predict that Nayax will post 0.75 EPS for the current year.

Insider Activity at Nayax

In related news, CFO Sagit Manor sold 1,252 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48. Following the sale, the chief financial officer owned 45,238 shares in the company, valued at approximately $3,019,184.12. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Oren Tepper sold 1,052 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $77,122.12. Following the sale, the insider owned 19,392 shares in the company, valued at $1,421,627.52. The trade was a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 42,610 shares of company stock worth $3,159,903.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its stake in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. Osaic Holdings Inc. acquired a new position in Nayax during the second quarter worth $33,000. Bank of America Corp DE raised its position in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in Nayax during the fourth quarter worth $69,000. Finally, Alliancebernstein L.P. acquired a new stake in Nayax in the third quarter valued at $128,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.