Nayax (NASDAQ:NYAX) Upgraded at Barclays

Barclays upgraded shares of Nayax (NASDAQ:NYAX) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on NYAX. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, May 27th. Wall Street Zen downgraded 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 target price on shares of Nayax in a research note on Thursday, May 14th. UBS Group increased their target price on shares of Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Finally, William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $78.16.

Nayax Price Performance

NYAX stock opened at $66.36 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The business has a 50-day simple moving average of $67.91 and a two-hundred day simple moving average of $60.79. The company has a market capitalization of $2.43 billion, a P/E ratio of 84.00 and a beta of 0.47. Nayax has a 52-week low of $39.17 and a 52-week high of $76.86.

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

Insider Buying and Selling at Nayax

In other Nayax news, CFO Sagit Manor sold 1,252 shares of Nayax stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $66.74, for a total value of $83,558.48. Following the sale, the chief financial officer owned 45,238 shares of the company’s stock, valued at approximately $3,019,184.12. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Carly Lisanne Furman sold 382 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $68.08, for a total transaction of $26,006.56. Following the completion of the transaction, the chief executive officer owned 21,439 shares in the company, valued at approximately $1,459,567.12. The trade was a 1.75% 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. Insiders have sold a total of 50,385 shares of company stock valued at $3,659,391 in the last three months.

Hedge Funds Weigh In On Nayax

Institutional investors and hedge funds have recently bought and sold shares of the company. Legato Capital Management LLC purchased a new position in shares of Nayax during the 4th quarter valued at $1,072,000. Y.D. More Investments Ltd raised 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 valued at $42,399,000 after acquiring an additional 26,146 shares during the period. Assenagon Asset Management S.A. raised its stake in Nayax by 57.3% in 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 during the period. Altshuler Shaham Ltd boosted its position in Nayax by 140.0% during the fourth 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 period. Finally, AltraVue Capital LLC purchased a new position in shares of Nayax in the fourth quarter worth about $11,623,000. 34.87% of the stock is owned by institutional investors.

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.