Nayax (NASDAQ:NYAX) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Nayax (NASDAQ:NYAX) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Several other equities analysts have also weighed in on NYAX. Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Jefferies Financial Group restated a “buy” rating and set a $79.80 price target on shares of Nayax in a report on Thursday, May 14th. Finally, UBS Group lifted their price objective 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. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nayax presently has a consensus rating of “Hold” and a consensus price target of $78.95.

Nayax Price Performance

NYAX opened at $70.22 on Wednesday. The stock has a fifty day moving average price of $67.74 and a 200 day moving average price of $59.99. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax has a 1 year low of $39.17 and a 1 year high of $76.86. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 88.89 and a beta of 0.47.

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

Insiders Place Their Bets

In related news, CMO Michal Sever sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.32, for a total transaction of $321,600.00. Following the completion of the transaction, the chief marketing officer owned 17,306 shares of the company’s stock, valued at approximately $1,113,121.92. The trade was a 22.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Keren Sharir sold 4,500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $71.80, for a total value of $323,100.00. Following the sale, the president owned 26,876 shares of the company’s stock, valued at approximately $1,929,696.80. The trade was a 14.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 50,385 shares of company stock valued at $3,659,391 in the last ninety days.

Institutional Investors Weigh In On Nayax

Hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd grew its stake in shares of Nayax by 3.2% in the fourth quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock worth $42,399,000 after acquiring an additional 26,146 shares during the last quarter. Legato Capital Management LLC acquired a new position in Nayax during the 4th quarter valued at $1,072,000. Assenagon Asset Management S.A. boosted its holdings in Nayax by 57.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after purchasing an additional 72,354 shares during the period. Altshuler Shaham Ltd boosted its holdings in Nayax by 140.0% in the 4th quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock valued at $1,742,000 after purchasing an additional 20,121 shares during the period. Finally, AltraVue Capital LLC acquired a new stake in Nayax in the 4th quarter worth $11,623,000. 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.