Nayax (NASDAQ:NYAX) Upgraded at Jefferies Financial Group

Nayax (NASDAQ:NYAX - Get Free Report) was upgraded by equities researchers at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday, Benzinga reports.

Several other equities research analysts have also recently issued reports on NYAX. Barclays raised their target price on shares of Nayax from $23.00 to $28.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Oppenheimer began coverage on shares of Nayax in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Nayax from $27.00 to $25.00 and set a "market perform" rating on the stock in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $27.33.

Nayax Stock Up 3.3 %

Shares of NYAX traded up $0.94 on Wednesday, hitting $29.35. 31,154 shares of the stock traded hands, compared to its average volume of 8,432. The company has a market capitalization of $1.04 billion, a PE ratio of -67.64 and a beta of 0.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.25. The business has a 50 day simple moving average of $25.13 and a 200 day simple moving average of $24.56. Nayax has a one year low of $18.46 and a one year high of $30.99.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hood River Capital Management LLC purchased a new position in shares of Nayax during the 1st quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company's stock valued at $168,000 after purchasing an additional 1,099 shares during the period. Ingalls & Snyder LLC bought a new stake in shares of Nayax during the 2nd quarter valued at $229,000. Altshuler Shaham Ltd bought a new stake in shares of Nayax during the 2nd quarter valued at $1,010,000. Finally, Baillie Gifford & Co. raised its position in shares of Nayax by 1.2% during the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company's stock valued at $1,072,000 after purchasing an additional 616 shares during the period. Hedge funds and other institutional investors own 34.87% of the company's stock.

Nayax Company 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.