Nayax Ltd. $NYAX Stake Boosted by UBS Group AG

UBS Group AG grew its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 12,665.1% during the 4th quarter, HoldingsChannel reports. The fund owned 57,443 shares of the company’s stock after acquiring an additional 56,993 shares during the period. UBS Group AG’s holdings in Nayax were worth $2,907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its holdings in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after purchasing an additional 89,886 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Nayax by 19.7% in the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock worth $1,685,000 after purchasing an additional 5,523 shares in the last quarter. Legal & General Group Plc boosted its holdings in Nayax by 18.6% in the second quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock worth $711,000 after purchasing an additional 2,214 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. William Blair reiterated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Wall Street Zen cut shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. 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. Finally, UBS Group upped their price objective on shares of Nayax from $55.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Nayax currently has a consensus rating of “Hold” and an average price target of $74.27.

Nayax Price Performance

Nayax stock opened at $67.98 on Tuesday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 86.05 and a beta of 0.39. 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 Ltd. has a fifty-two week low of $38.50 and a fifty-two week high of $75.00. The firm has a fifty day moving average price of $63.17 and a two-hundred day moving average price of $55.33.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm 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%. As a group, analysts forecast that Nayax Ltd. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other Nayax news, CMO Michal Sever sold 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.32, for a total transaction of $321,600.00. Following the completion of the transaction, the chief marketing officer owned 17,306 shares of the company’s stock, valued at $1,113,121.92. The trade was a 22.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sagit Manor sold 1,754 shares of the business’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 transaction, the chief financial officer directly owned 47,523 shares of the company’s stock, valued at approximately $3,038,620.62. This represents a 3.56% 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. Insiders sold a total of 8,533 shares of company stock valued at $550,228 in the last quarter.

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.