Nayax assumed with a Perform at Oppenheimer

Oppenheimer assumed coverage of Nayax (NYAX) with a Perform rating and no price target. Nayax “stands out as the only global provider of unattended cashless point-of-sale solutions,” and is well-positioned for robust revenue growth and improved adjusted EBITDA margins. However, the firm remains cautious due to limited liquidity for institutional investors, given that insiders hold approximately 72% of the float. The firm also points out that shares trade at “a notable premium compared” to peer Cantaloupe (CTLP).