Brokerages Set Nayax Ltd. (NASDAQ:NYAX) Target Price at $51.67

Nayax Ltd. (NASDAQ:NYAX) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $51.6667.

Several brokerages have recently issued reports on NYAX. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 10th.

Insider Activity

In other news, CFO Sagit Manor sold 1,754 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total transaction of $112,150.76. Following the sale, the chief financial officer owned 47,523 shares of the company’s stock, valued at approximately $3,038,620.62. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 1,002 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total transaction of $64,067.88. Following the sale, the insider directly owned 25,753 shares in the company, valued at $1,646,646.82. This represents a 3.75% decrease in their position. 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.

Institutional Trading of Nayax

A number of large investors have recently made changes to their positions in NYAX. Vanguard Group Inc. increased its stake in shares of Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after buying an additional 535,476 shares during the period. AltraVue Capital LLC purchased a new stake in shares of Nayax during the fourth quarter worth approximately $11,623,000. Goldman Sachs Group Inc. increased its stake in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after buying an additional 89,886 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Nayax by 36.4% during the first quarter. Assenagon Asset Management S.A. now owns 271,071 shares of the company’s stock worth $15,195,000 after buying an additional 72,357 shares during the period. Finally, UBS Group AG increased its stake in shares of Nayax by 12,665.1% during the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock worth $2,907,000 after buying an additional 56,993 shares during the period. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Stock Performance

Shares of NYAX stock opened at $70.22 on Tuesday. The firm’s 50 day moving average price is $59.07 and its 200-day moving average price is $52.76. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.16 and a current ratio of 2.26. Nayax has a one year low of $37.95 and a one year high of $72.00. The firm has a market cap of $2.57 billion, a P/E ratio of 73.92 and a beta of 0.39.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. The firm had revenue of $119.45 million for the quarter, compared to analyst estimates of $120.13 million. Nayax had a net margin of 8.87% and a return on equity of 11.60%. As a group, equities research analysts predict that Nayax will post 0.84 EPS for the current year.

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.