Nayax (NASDAQ:NYAX) Shares Gap Up – Should You Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX) gapped up before the market opened on Thursday . The stock had previously closed at $49.88, but opened at $52.61. Nayax shares last traded at $53.0760, with a volume of 8,114 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. UBS Group reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Nayax in a research report on Tuesday. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised shares of Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $75.76.

Nayax Price Performance

The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 254.79 and a beta of 0.47. The company has a fifty day moving average price of $65.94 and a two-hundred day moving average price of $62.83. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.

Nayax (NASDAQ:NYAX) last announced its earnings results on Monday, August 10th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Nayax had a net margin of 1.74% and a return on equity of 14.98%. The business had revenue of $122.59 million for the quarter, compared to analysts’ expectations of $116.75 million. On average, equities research analysts expect that Nayax Ltd. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CMO Michal Sever sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $64.32, for a total value of $321,600.00. Following the completion of the sale, the chief marketing officer directly owned 17,306 shares of the company’s stock, valued at approximately $1,113,121.92. This represents a 22.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sagit Manor sold 1,252 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total transaction of $83,558.48. Following the sale, the chief financial officer owned 45,238 shares of the company’s stock, valued at $3,019,184.12. This trade represents a 2.69% 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. Insiders sold a total of 47,610 shares of company stock valued at $3,481,503 in the last quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NYAX. Russell Investments Group Ltd. raised its stake in shares of Nayax by 210.5% during 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 during the last quarter. Osaic Holdings Inc. acquired a new position in Nayax in the 2nd quarter valued at $33,000. Bank of America Corp DE increased its stake in Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares during the period. Smartleaf Asset Management LLC purchased a new position in Nayax during the 4th quarter worth $69,000. Finally, Alliancebernstein L.P. purchased a new position in Nayax during the 3rd quarter worth $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.