David Ben-Avi Acquires 1,554 Shares of Nayax (NASDAQ:NYAX) Stock

Nayax Ltd. (NASDAQ:NYAX) insider David Ben-Avi acquired 1,554 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average price of $43.18 per share, for a total transaction of $67,101.72. Following the purchase, the insider owned 6,591,702 shares of the company’s stock, valued at $284,629,692.36. The trade was a 0.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

David Ben-Avi also recently made the following trade(s):

• On Thursday, September 24th, David Ben-Avi bought 100 shares of Nayax stock. The stock was acquired at an average cost of $42.09 per share, for a total transaction of $4,209.00.
• On Wednesday, September 23rd, David Ben-Avi acquired 700 shares of Nayax stock. The shares were bought at an average cost of $43.07 per share, with a total value of $30,149.00.
• On Thursday, September 17th, David Ben-Avi purchased 1,014 shares of Nayax stock. The shares were acquired at an average price of $42.91 per share, for a total transaction of $43,510.74.

Nayax Price Performance

NYAX traded up $2.03 during midday trading on Thursday, hitting $44.66. The company had a trading volume of 13,258 shares, compared to its average volume of 20,352. The firm’s 50-day simple moving average is $55.58 and its 200-day simple moving average is $61.32. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. The company has a market capitalization of $1.63 billion, a PE ratio of 213.14 and a beta of 0.43.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Nayax had a net margin of 1.74% and a return on equity of 10.45%. The company had revenue of $122.59 million during the quarter, compared to analysts’ expectations of $116.75 million. Equities research analysts predict that Nayax Ltd. will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

A number of institutional investors have recently modified their holdings of NYAX. Altshuler Shaham Ltd grew its holdings in Nayax by 5.0% during the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock worth $2,026,000 after buying an additional 1,731 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the 2nd quarter valued at approximately $239,000. Bank of America Corp DE raised its stake in shares of Nayax by 1,607.2% in the first quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock valued at $519,000 after buying an additional 8,727 shares during the period. Tidal Investments LLC bought a new stake in Nayax in the 2nd quarter valued at about $650,000. Finally, Y.D. More Investments Ltd boosted its holdings in Nayax by 3.1% in the 1st quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock worth $48,387,000 after buying an additional 25,694 shares during the period. 34.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Friday, August 14th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Barclays decreased their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Finally, UBS Group reiterated a “neutral” rating and issued a $70.00 price target on shares of Nayax in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nayax currently has an average rating of “Hold” and an average price target of $75.76.

About Nayax

Nayax Ltd. (NASDAQ: NYAX) is a global financial technology and commerce enablement company that provides payment processing, management software and business intelligence solutions for unattended and self-service markets. Its platform helps businesses accept and manage cashless transactions while monitoring equipment, customer activity and operational performance.

The company’s products and services are used across industries including vending, electric vehicle charging, fuel and convenience retail, parking, laundromats, hospitality and other automated retail environments.