Nayax (NASDAQ:NYAX) Coverage Initiated by Analysts at Barclays

Investment analysts at Barclays initiated coverage on shares of Nayax (NASDAQ:NYAX) in a research note issued on Wednesday,Benzinga reports. The brokerage set an “equal weight” rating on the stock.

A number of other research firms also recently weighed in on NYAX. UBS Group lifted their price objective on Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.80 price target on shares of Nayax in a research note on Thursday, May 14th. Keefe, Bruyette & Woods increased their price objective on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Three equities research 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $78.95.

Nayax Trading Down 8.3%

Shares of NYAX stock opened at $66.02 on Wednesday. Nayax has a 52-week low of $39.17 and a 52-week high of $76.86. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 83.57 and a beta of 0.47. 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 firm has a fifty day moving average of $67.97 and a 200-day moving average of $60.51.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a return on equity of 14.09% and a net margin of 6.95%. On average, equities research analysts forecast that Nayax will post 0.73 earnings per share for the current fiscal year.

Insider Transactions at Nayax

In related news, CFO Sagit Manor sold 1,754 shares of Nayax stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $112,150.76. Following the completion of the transaction, the chief financial officer directly owned 47,523 shares of the company’s stock, valued at $3,038,620.62. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Keren Sharir sold 4,500 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $71.80, for a total transaction of $323,100.00. Following the sale, the president directly owned 26,876 shares in the company, valued at approximately $1,929,696.80. This represents a 14.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 50,385 shares of company stock worth $3,659,391.

Institutional Trading of Nayax

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new position in Nayax in the 2nd quarter valued at $33,000. Bank of America Corp DE boosted its position 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 last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Nayax in the 4th quarter valued at $69,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Nayax in the 3rd quarter valued at $128,000. 34.87% of the stock is owned by institutional investors.

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.