Nayax (NASDAQ:NYAX) Shares Up 4.8% – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) shot up 4.8% on Tuesday . The company traded as high as $66.94 and last traded at $66.8440. 8,626 shares changed hands during trading, a decline of 58% from the average session volume of 20,509 shares. The stock had previously closed at $63.78.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NYAX. Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 target price on shares of Nayax in a research note on Thursday, May 14th. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.27.

Nayax Trading Up 0.3%

The company has a market cap of $2.45 billion, a price-to-earnings ratio of 84.85 and a beta of 0.39. The business’s fifty day moving average price is $62.62 and its 200 day moving average price is $54.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $106.86 million for the quarter, compared to analyst estimates of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. Research analysts anticipate that Nayax Ltd. will post 0.73 earnings per share for the current fiscal year.

Insider Transactions at Nayax

In other news, CFO Sagit Manor sold 1,754 shares of Nayax stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total transaction of $112,150.76. Following the transaction, the chief financial officer owned 47,523 shares in the company, valued at approximately $3,038,620.62. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 1,002 shares of Nayax stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total transaction of $64,067.88. Following the transaction, the insider owned 25,753 shares in the company, valued at approximately $1,646,646.82. This trade represents a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 8,533 shares of company stock worth $550,228.

Hedge Funds Weigh In On Nayax

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in 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 during the period. Osaic Holdings Inc. acquired a new position in Nayax in the second quarter valued at $33,000. Bank of America Corp DE lifted its holdings in Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after buying an additional 956 shares during the period. Smartleaf Asset Management LLC acquired a new position in Nayax in the fourth quarter valued at $69,000. Finally, Alliancebernstein L.P. acquired a new position 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.