Insider Buying: Nayax (NASDAQ:NYAX) CEO Buys $1,086,811.46 in Stock

Nayax Ltd. (NASDAQ:NYAX) CEO Yair Nechmad acquired 24,146 shares of the stock in a transaction on Monday, September 28th. The shares were bought at an average cost of $45.01 per share, for a total transaction of $1,086,811.46. Following the purchase, the chief executive officer directly owned 7,457,704 shares of the company’s stock, valued at $335,671,257.04. The trade was a 0.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Yair Nechmad also recently made the following trade(s):

• On Wednesday, September 30th, Yair Nechmad bought 44,148 shares of Nayax stock. The stock was bought at an average price of $47.84 per share, with a total value of $2,112,040.32.
• On Tuesday, September 29th, Yair Nechmad bought 22,789 shares of Nayax stock. The stock was bought at an average cost of $44.79 per share, with a total value of $1,020,719.31.
• On Thursday, September 24th, Yair Nechmad purchased 104,511 shares of Nayax stock. The shares were bought at an average price of $44.09 per share, for a total transaction of $4,607,889.99.

Nayax Trading Up 1.6%

Shares of NYAX stock opened at $49.00 on Friday. The company’s 50-day moving average price is $52.63 and its 200-day moving average price is $60.73. 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 stock has a market cap of $1.79 billion, a price-to-earnings ratio of 233.33 and a beta of 0.46. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data 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 net margin of 1.74% and a return on equity of 10.45%. The firm had revenue of $122.59 million during the quarter, compared to analyst estimates of $116.75 million. As a group, equities analysts predict that Nayax Ltd. will post 0.75 earnings per share for the current year.

Institutional Trading of Nayax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Nayax during the second quarter worth $239,000. Bank of America Corp DE grew 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 valued at $519,000 after buying an additional 8,727 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Nayax in the 2nd quarter valued at $650,000. Altshuler Shaham Ltd raised its holdings in shares of 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 buying an additional 20,121 shares during the period. Finally, AltraVue Capital LLC acquired a new position in Nayax during the 4th quarter worth about $11,623,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Wall Street Analysts Forecast Growth

NYAX has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Friday, August 14th. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 1st. Barclays lowered their price objective on Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. UBS Group reissued a “neutral” rating and set a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Finally, Weiss Ratings downgraded Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 22nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $75.76.

Nayax News Summary

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: IPS Group acquisition expands Nayax into smart parking: Nayax completed its $350 million all-cash acquisition of IPS Group, a smart-parking company serving more than 250,000 parking spaces. The deal extends Nayax’s payments and commerce platform into mobility and parking, potentially adding recurring transaction revenue, cross-selling opportunities and a broader customer base. Nayax completes IPS Group acquisition
• Positive Sentiment: CEO continues to buy shares: CEO Yair Nechmad acquired 44,148 shares for approximately $2.1 million at an average price of $47.84. The purchase follows additional buying of 22,789 shares on September 29, 24,146 shares on September 28 and 104,511 shares on September 24. The repeated purchases, which increased his already substantial ownership, may signal management’s confidence that recent weakness has created an attractive entry point. Nayax CEO SEC insider purchase filing
• Neutral Sentiment: Other insider activity is mixed: A Nayax director reportedly purchased 2,854 shares, while several insiders sold small amounts. Some sales were associated with tax withholding on restricted stock awards, reducing their significance as a bearish signal. Nayax director insider transaction
• Negative Sentiment: Execution and valuation risks remain: The acquisition requires substantial cash and must be integrated successfully to justify its price. Nayax also trades well below its 50-day and 200-day moving averages, while its elevated earnings multiple leaves limited room for disappointing growth or integration results.

About Nayax

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.