Nayax (NASDAQ:NYAX) Announces Quarterly Earnings Results

Nayax (NASDAQ:NYAX) announced its earnings results on Monday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05, FiscalAI reports. Nayax had a return on equity of 14.09% and a net margin of 6.95%.The firm had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million.

Nayax Price Performance

Shares of NASDAQ:NYAX opened at $69.06 on Monday. Nayax has a 1 year low of $39.17 and a 1 year high of $76.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The business’s 50-day moving average is $66.84 and its 200-day moving average is $62.91. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 87.42 and a beta of 0.47.

Wall Street Analysts Forecast Growth

NYAX has been the subject of several recent research reports. Barclays assumed coverage on Nayax in a research note on Wednesday, July 8th. They issued an “equal weight” rating and a $75.00 price target for the company. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods increased their target price on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Oppenheimer upgraded shares of 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. Finally, Jefferies Financial Group restated a “buy” rating and issued a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $78.16.

Insider Buying and Selling at Nayax

In other Nayax news, CEO Carly Lisanne Furman sold 382 shares of Nayax stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $68.08, for a total value of $26,006.56. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sagit Manor sold 1,252 shares of Nayax stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the completion of 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 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 47,629 shares of company stock valued at $3,482,786 over the last ninety days.

Institutional Trading of Nayax

Several large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in Nayax by 9.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after acquiring an additional 330 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after purchasing an additional 594 shares during the period. SPX Gestao de Recursos Ltda grew its holdings in Nayax by 25.4% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 23,958 shares of the company’s stock worth $1,212,000 after purchasing an additional 4,849 shares during the period. Jane Street Group LLC increased its stake in Nayax by 9.2% in the fourth quarter. Jane Street Group LLC now owns 8,631 shares of the company’s stock valued at $437,000 after purchasing an additional 726 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Nayax in the fourth quarter valued at $967,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.