Nayax (NASDAQ:NYAX) Shares Up 4.5% – Time to Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX) were up 4.5% during mid-day trading on Friday. The stock traded as high as $46.75 and last traded at $46.8250. 3,600 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 20,873 shares. The stock had previously closed at $44.79.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NYAX shares. Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, August 14th. Barclays decreased their price objective on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Jefferies Financial Group assumed coverage on Nayax in a research note on Wednesday, October 7th. They issued a “buy” rating and a $68.30 price objective for the company. Finally, Weiss Ratings lowered Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.46.

Nayax Trading Up 3.3%

The stock has a market capitalization of $1.69 billion, a PE ratio of 220.33 and a beta of 0.46. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. The business’s 50-day moving average is $48.61 and its two-hundred day moving average is $59.96.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Nayax had a return on equity of 10.45% and a net margin of 1.74%. The business had revenue of $122.59 million during the quarter, compared to analyst estimates of $116.75 million. On average, analysts predict that Nayax Ltd. will post 0.75 earnings per share for the current year.

Insider Buying and Selling

In other Nayax news, insider Gal Omer sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total transaction of $67,755.00. Following the completion of the sale, the insider owned 18,539 shares in the company, valued at $837,406.63. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Yair Nechmad bought 104,511 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was bought at an average price of $44.09 per share, for a total transaction of $4,607,889.99. Following the completion of the purchase, the chief executive officer directly owned 7,433,558 shares of the company’s stock, valued at $327,745,572.22. The trade was a 1.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 198,962 shares of company stock worth $8,972,432 and have sold 3,161 shares worth $152,241.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NYAX. Tidal Investments LLC purchased a new stake in shares of Nayax in the second quarter valued at $650,000. Public Employees Retirement System of Ohio acquired a new position in shares of Nayax during the second quarter worth approximately $239,000. Bank of America Corp DE increased its holdings in shares of Nayax by 1,607.2% during the 1st quarter. Bank of America Corp DE now owns 9,270 shares of the company’s stock worth $519,000 after purchasing an additional 8,727 shares during the period. Altshuler Shaham Ltd increased its position in shares of Nayax by 5.0% during the first quarter. Altshuler Shaham Ltd now owns 36,220 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,731 shares during the period. Finally, Y.D. More Investments Ltd increased its stake in Nayax by 3.1% in the first quarter. Y.D. More Investments Ltd now owns 865,171 shares of the company’s stock valued at $48,387,000 after acquiring an additional 25,694 shares during the period. Institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

Nayax Ltd. is a global financial technology company that provides payment acceptance, management, and loyalty solutions for unattended and automated commerce. Its platform enables businesses to accept cashless payments through card readers, mobile wallets, and other digital payment methods while managing transactions and customer interactions through cloud-based software.

The company serves industries including vending, electric vehicle charging, parking, laundromats, kiosks, fuel stations, and other automated retail environments.