Nayax (NASDAQ:NYAX) Price Target Raised to $75.00

Nayax (NASDAQ:NYAX) had its price target increased by Keefe, Bruyette & Woods from $60.00 to $75.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research analysts also recently weighed in on NYAX. William Blair restated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. UBS Group raised their price target on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nayax has a consensus rating of “Hold” and a consensus price target of $74.27.

Nayax Trading Down 3.1%

Shares of NASDAQ:NYAX opened at $63.39 on Wednesday. The firm has a fifty day moving average of $62.05 and a two-hundred day moving average of $54.22. The firm has a market capitalization of $2.32 billion, a P/E ratio of 80.24 and a beta of 0.39. Nayax has a 12-month low of $38.50 and a 12-month high of $74.83. The company has a quick ratio of 2.16, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.

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

Insider Buying and Selling at Nayax

In other Nayax news, insider Aaron Samuel Greenberg sold 1,002 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the sale, the insider directly owned 25,753 shares in the company, valued at $1,646,646.82. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sagit Manor sold 1,754 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76. Following the completion of the sale, the chief financial officer owned 47,523 shares in the company, valued at $3,038,620.62. This represents a 3.56% decrease in their ownership of the stock. 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. Insiders sold a total of 3,051 shares of company stock worth $196,941 in the last quarter.

Institutional Trading of Nayax

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Y.D. More Investments Ltd boosted its position in shares of Nayax by 3.2% during the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock valued at $42,399,000 after acquiring an additional 26,146 shares in the last quarter. Assenagon Asset Management S.A. boosted its position 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 valued at $10,044,000 after acquiring an additional 72,354 shares in the last quarter. Ascent Group LLC acquired a new stake in shares of Nayax during the 4th quarter valued at about $206,000. ARK Investment Management LLC boosted its position in shares of Nayax by 3.2% during the 3rd quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock valued at $2,058,000 after acquiring an additional 1,331 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Nayax by 10.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock valued at $355,000 after acquiring an additional 693 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.