Nayax (NASDAQ:NYAX) Shares Gap Up - Time to Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $26.67, but opened at $27.95. Nayax shares last traded at $28.00, with a volume of 1,966 shares changing hands.

Wall Street Analysts Forecast Growth

NYAX has been the subject of a number of analyst reports. Oppenheimer initiated coverage on Nayax in a research report on Tuesday, October 1st. They issued a "market perform" rating for the company. Barclays increased their target price on shares of Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Nayax from $27.00 to $25.00 and set a "market perform" rating for the company in a research note on Thursday, August 8th.

Nayax Price Performance

The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $24.99 and a 200-day moving average of $24.53.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). The company had revenue of $78.09 million during the quarter, compared to the consensus estimate of $78.10 million. Nayax had a negative return on equity of 11.18% and a negative net margin of 5.34%. During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, research analysts forecast that Nayax Ltd. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. increased its holdings in Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company's stock valued at $4,638,000 after buying an additional 115,262 shares during the period. Swedbank AB increased its holdings in shares of Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company's stock valued at $5,233,000 after acquiring an additional 107,559 shares during the period. Hood River Capital Management LLC raised its position in shares of Nayax by 35.8% in the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company's stock worth $116,000 after acquiring an additional 1,401 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in Nayax during the second quarter valued at about $1,010,000. Finally, Y.D. More Investments Ltd purchased a new position in Nayax in the second quarter valued at about $14,790,000. Institutional investors own 34.87% of the company's stock.

About Nayax

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.