Nayax (NASDAQ:NYAX) Sees Large Volume Increase – Here’s Why

by · The Markets Daily

Nayax Ltd. (NASDAQ:NYAXGet Free Report) saw strong trading volume on Monday . Approximately 19,422 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 20,036 shares.The stock last traded at $45.8450 and had previously closed at $47.20.

Wall Street Analyst Weigh In

NYAX has been the topic of several analyst reports. Weiss Ratings upgraded Nayax from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Friday, August 14th. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, May 27th. UBS Group reissued a “neutral” rating and set a $70.00 target price on shares of Nayax in a research report on Tuesday, August 11th. Finally, Barclays decreased 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 analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.76.

Get Our Latest Stock Report on NYAX

Nayax Stock Performance

The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. The company has a 50 day moving average of $59.03 and a 200 day moving average of $61.85. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 220.10 and a beta of 0.43.

Nayax (NASDAQ:NYAXGet Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.14 earnings per share 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 firm had revenue of $122.59 million during the quarter, compared to analyst estimates of $116.75 million. As a group, equities research analysts expect that Nayax Ltd. will post 0.75 EPS for the current fiscal year.

Insider Activity at Nayax

In related news, CFO Sagit Manor sold 1,252 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 45,238 shares of the company’s stock, valued at $3,019,184.12. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eden Zafrani sold 500 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $64.89, for a total transaction of $32,445.00. Following the transaction, the insider owned 14,869 shares in the company, valued at $964,849.41. This trade represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,213 shares of company stock valued at $205,569.

Institutional Investors Weigh In On Nayax

Several hedge funds and other institutional investors have recently modified their holdings of NYAX. Russell Investments Group Ltd. raised its stake in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new stake in Nayax in the second quarter valued at about $33,000. Bank of America Corp DE increased its holdings in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in Nayax in the fourth quarter valued at about $69,000. Finally, Alliancebernstein L.P. acquired a new stake in Nayax during the third quarter valued at approximately $128,000. Institutional investors own 34.87% of the company’s stock.

About Nayax

(Get Free Report)

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.

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