Insider Buying: Nayax (NASDAQ:NYAX) Insider Acquires $30,149.00 in Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi purchased 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were acquired at an average cost of $43.07 per share, with a total value of $30,149.00. Following the completion of the purchase, the insider owned 6,592,402 shares of the company’s stock, valued at $283,934,754.14. The trade was a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

David Ben-Avi also recently made the following trade(s):

• On Thursday, September 24th, David Ben-Avi acquired 100 shares of Nayax stock. The stock was acquired at an average cost of $42.09 per share, for a total transaction of $4,209.00.
• On Tuesday, September 22nd, David Ben-Avi bought 1,554 shares of Nayax stock. The shares were acquired at an average cost of $43.18 per share, with a total value of $67,101.72.
• On Thursday, September 17th, David Ben-Avi bought 1,014 shares of Nayax stock. The shares were acquired at an average price of $42.91 per share, with a total value of $43,510.74.

Nayax Trading Up 4.8%

Shares of NYAX stock traded up $2.03 during trading hours on Thursday, reaching $44.66. The company had a trading volume of 13,258 shares, compared to its average volume of 20,352. Nayax Ltd. has a 1-year low of $39.17 and a 1-year high of $76.86. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 213.14 and a beta of 0.43. The company has a 50 day moving average of $55.58 and a 200 day moving average of $61.32.

Nayax (NASDAQ:NYAX) last announced 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. 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%. On average, equities research analysts anticipate that Nayax Ltd. will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

NYAX has been the subject of a number of recent analyst reports. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Wednesday, May 27th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings downgraded shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, August 14th. Finally, UBS Group reissued a “neutral” rating and set a $70.00 price target on shares of Nayax in a research report on Tuesday, August 11th. Four 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. Based on data from MarketBeat.com, Nayax currently has an average rating of “Hold” and a consensus price target of $75.76.

Institutional Trading of Nayax

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC bought a new position in Nayax in the second quarter valued at $650,000. Public Employees Retirement System of Ohio bought a new stake in Nayax during the second quarter worth $239,000. Bank of America Corp DE lifted its stake in 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 acquiring an additional 8,727 shares during the last quarter. Altshuler Shaham Ltd grew its position in shares of Nayax by 5.0% in the 1st quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,731 shares during the period. Finally, Y.D. More Investments Ltd grew its position in shares of Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after acquiring an additional 25,694 shares during the period. Institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

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.