Nayax (NASDAQ:NYAX) Rating Increased to Hold at Barclays

Nayax (NASDAQ:NYAX) was upgraded by equities researchers at Barclays to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. UBS Group increased their price target on shares of Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Wall Street Zen lowered Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Jefferies Financial Group reissued a “buy” rating and issued a $79.80 target price on shares of Nayax in a research note on Thursday, May 14th. Finally, William Blair restated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Three 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $78.16.

Nayax Stock Up 1.1%

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

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

Insider Buying and Selling at Nayax

In other Nayax news, insider David Ben-Avi sold 16,590 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $76.48, for a total transaction of $1,268,803.20. Following the completion of the transaction, the insider owned 6,587,718 shares of the company’s stock, valued at $503,828,672.64. This represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Michal Sever sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $64.32, for a total transaction of $321,600.00. Following the transaction, the chief marketing officer directly owned 17,306 shares of the company’s stock, valued at $1,113,121.92. This represents a 22.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 50,385 shares of company stock valued at $3,659,391 in the last 90 days.

Institutional Trading of Nayax

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in 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 stake 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 last quarter. Smartleaf Asset Management LLC bought a new stake in Nayax during the 4th quarter worth about $69,000. Finally, Alliancebernstein L.P. bought a new stake in Nayax during the 3rd quarter worth about $128,000. Institutional investors 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.