Assenagon Asset Management S.A. Purchases 115,262 Shares of Nayax Ltd. (NASDAQ:NYAX)

Assenagon Asset Management S.A. boosted its position in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 184.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,874 shares of the company's stock after buying an additional 115,262 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.50% of Nayax worth $4,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NYAX. Y.D. More Investments Ltd purchased a new stake in Nayax in the second quarter worth $14,790,000. Swedbank AB increased its position in Nayax by 107.6% in the third quarter. Swedbank AB now owns 207,559 shares of the company's stock worth $5,233,000 after buying an additional 107,559 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Nayax in the second quarter worth $1,673,000. Baillie Gifford & Co. purchased a new stake in Nayax in the first quarter worth $1,302,000. Finally, Altshuler Shaham Ltd purchased a new stake in Nayax in the second quarter worth $1,010,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Stock Performance

Shares of NASDAQ NYAX traded up $0.94 during mid-day trading on Wednesday, hitting $29.35. The company had a trading volume of 31,154 shares, compared to its average volume of 8,432. Nayax Ltd. has a 1 year low of $18.46 and a 1 year high of $30.99. The stock's 50-day moving average price is $25.13 and its 200-day moving average price is $24.56. 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 company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -67.64 and a beta of 0.03.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NYAX shares. Jefferies Financial Group raised Nayax from a "hold" rating to a "buy" rating in a research report on Wednesday. Oppenheimer began coverage on Nayax in a research report on Tuesday, October 1st. They issued a "market perform" rating for the company. Barclays lifted their price target on Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods reduced their price target on Nayax from $27.00 to $25.00 and set a "market perform" rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Nayax has an average rating of "Hold" and an average target price of $27.33.

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.