JPMorgan Chase & Co. Invests $1.58 Million in Nayax Ltd. (NASDAQ:NYAX)

JPMorgan Chase & Co. purchased a new stake in Nayax Ltd. (NASDAQ:NYAX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 54,225 shares of the company's stock, valued at approximately $1,581,000. JPMorgan Chase & Co. owned approximately 0.15% of Nayax as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after purchasing an additional 2,266 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of Nayax in the 4th quarter worth $326,000. Baillie Gifford & Co. raised its holdings in shares of 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 purchasing an additional 1,161 shares during the last quarter. Swedbank AB lifted its position in shares of Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company's stock valued at $8,748,000 after purchasing an additional 92,441 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in Nayax by 42.7% during the fourth 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. Institutional investors and hedge funds own 34.87% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NYAX. William Blair upgraded Nayax from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price objective on Nayax from $33.00 to $38.00 and gave the stock a "market perform" rating in a research report on Thursday, March 6th. Finally, B. Riley restated a "buy" rating and issued a $44.00 price objective (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Nayax presently has a consensus rating of "Hold" and an average target price of $34.75.

Nayax Stock Performance

NASDAQ:NYAX traded down $0.60 during trading hours on Tuesday, reaching $41.39. The stock had a trading volume of 17,729 shares, compared to its average volume of 7,770. The stock has a 50 day simple moving average of $36.52 and a 200 day simple moving average of $33.01. Nayax Ltd. has a 12-month low of $20.31 and a 12-month high of $42.04. The stock has a market cap of $1.47 billion, a P/E ratio of -133.51 and a beta of 0.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

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.