Brokerages Set Nayax Ltd. (NASDAQ:NYAX) Price Target at $78.16

Nayax Ltd. (NASDAQ:NYAX) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $78.16.

A number of equities analysts have weighed in on the stock. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Wednesday, May 27th. 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. UBS Group upped their price target on shares of Nayax from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $79.80 price objective on shares of Nayax in a report on Thursday, May 14th.

Insiders Place Their Bets

In other news, CFO Sagit Manor sold 1,754 shares of Nayax stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $112,150.76. Following the sale, the chief financial officer directly owned 47,523 shares of the company’s stock, valued at $3,038,620.62. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Carly Lisanne Furman sold 1,753 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $73.31, for a total value of $128,512.43. Following the sale, the chief executive officer owned 21,821 shares of the company’s stock, valued at $1,599,697.51. The trade was a 7.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 50,385 shares of company stock valued at $3,659,391.

Institutional Investors Weigh In On Nayax

A number of large investors have recently modified their holdings of NYAX. Legato Capital Management LLC acquired a new stake in Nayax in the 4th quarter valued at about $1,072,000. Y.D. More Investments Ltd lifted its stake in Nayax by 3.2% in the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock worth $42,399,000 after purchasing an additional 26,146 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Nayax by 57.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock worth $10,044,000 after purchasing an additional 72,354 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in shares of Nayax by 140.0% during the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock worth $1,742,000 after purchasing an additional 20,121 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Nayax by 12,665.1% in the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after purchasing an additional 56,993 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Stock Performance

Shares of NYAX stock opened at $64.36 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax has a 12-month low of $39.17 and a 12-month high of $76.86. The business’s 50 day moving average is $67.00 and its two-hundred day moving average is $61.36. The company has a market capitalization of $2.36 billion, a P/E ratio of 81.47 and a beta of 0.47.

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

About Nayax

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.