Clal Insurance Enterprises Holdings Ltd Has $18.91 Million Stock Position in Nayax Ltd. (NASDAQ:NYAX)

Clal Insurance Enterprises Holdings Ltd lessened its stake in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 646,861 shares of the company's stock after selling 18,494 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 1.82% of Nayax worth $18,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd raised its holdings in Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock worth $34,630,000 after purchasing an additional 354,350 shares during the last quarter. Swedbank AB grew its position in shares of Nayax by 44.5% during the 4th quarter. Swedbank AB now owns 300,000 shares of the company's stock worth $8,748,000 after buying an additional 92,441 shares during the period. Azora Capital LP raised its stake in shares of Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company's stock worth $2,583,000 after buying an additional 4,724 shares during the last quarter. ARK Investment Management LLC lifted its holdings in Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock valued at $2,261,000 after buying an additional 1,445 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in Nayax by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock valued at $1,517,000 after acquiring an additional 1,161 shares during the last quarter. 34.87% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several analysts have commented on NYAX shares. Keefe, Bruyette & Woods upped their target price on shares of Nayax from $28.00 to $30.00 and gave the company a "market perform" rating in a research report on Monday, December 9th. B. Riley reiterated a "buy" rating and issued a $44.00 price objective (up previously from $42.00) on shares of Nayax in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Nayax presently has an average rating of "Hold" and a consensus target price of $32.75.

Nayax Trading Down 3.2 %

NYAX traded down $1.16 during mid-day trading on Wednesday, hitting $35.42. The stock had a trading volume of 9,667 shares, compared to its average volume of 7,864. The stock's fifty day simple moving average is $35.68 and its 200-day simple moving average is $29.74. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -114.25 and a beta of 0.02. Nayax Ltd. has a 1-year low of $20.31 and a 1-year high of $40.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16.

Nayax Profile

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.