Nayax Ltd. (NASDAQ:NYAX) Short Interest Update

Nayax Ltd. (NASDAQ:NYAX) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 66,830 shares, an increase of 124.0% from the August 15th total of 29,841 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 28,201 shares, the days-to-cover ratio is currently 2.4 days.

Nayax Price Performance

Shares of NASDAQ NYAX opened at $45.12 on Wednesday. The business’s 50 day moving average price is $58.10 and its 200 day moving average price is $61.77. The firm has a market cap of $1.65 billion, a P/E ratio of 214.86 and a beta of 0.43. Nayax has a 52 week low of $39.17 and a 52 week high of $76.86. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43.

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

Insider Buying and Selling

In other Nayax news, CFO Sagit Manor sold 1,252 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were 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 directly owned 45,238 shares in the company, valued at $3,019,184.12. This trade represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eden Zafrani sold 500 shares of Nayax stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $64.89, for a total transaction of $32,445.00. Following the completion of the transaction, the insider directly owned 14,869 shares in the company, valued at $964,849.41. This represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,213 shares of company stock valued at $205,569 in the last three months.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Nayax in the 2nd quarter valued at about $239,000. Bank of America Corp DE boosted 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 worth $519,000 after buying an additional 8,727 shares during the last quarter. Tidal Investments LLC acquired a new stake in Nayax during the second quarter worth about $650,000. Legato Capital Management LLC acquired a new stake in Nayax during the fourth quarter worth about $1,072,000. Finally, Altshuler Shaham Ltd raised its position in Nayax by 140.0% during the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after acquiring an additional 20,121 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NYAX. Keefe, Bruyette & Woods raised Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, August 14th. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Oppenheimer upgraded Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 27th. Weiss Ratings upgraded shares of Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, Barclays lowered their target price on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.