Nayax Ltd. (NASDAQ:NYAX) Receives Average Rating of "Moderate Buy" from Brokerages

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.25.

A number of research firms have recently weighed in on NYAX. Barclays raised their price target on shares of Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their price target on shares of Nayax from $28.00 to $30.00 and gave the stock a "market perform" rating in a report on Monday, December 9th. Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a report on Wednesday, October 30th. B. Riley initiated coverage on Nayax in a research note on Tuesday, November 19th. They set a "buy" rating and a $38.00 target price on the stock. Finally, Oppenheimer assumed coverage on Nayax in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company.

Nayax Stock Up 1.8 %

Nayax stock traded up $0.49 during mid-day trading on Friday, reaching $27.26. 3,631 shares of the company were exchanged, compared to its average volume of 8,444. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The firm has a market cap of $966.64 million, a P/E ratio of -87.93 and a beta of -0.07. The business has a fifty day moving average of $27.74 and a 200 day moving average of $25.06. Nayax has a 12-month low of $18.46 and a 12-month high of $30.99.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The firm had revenue of $83.01 million during the quarter, compared to analysts' expectations of $88.40 million. During the same period in the prior year, the business posted ($0.09) EPS. Research analysts anticipate that Nayax will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of Nayax in the second quarter valued at about $14,790,000. Swedbank AB increased its holdings in Nayax by 107.6% in the 3rd 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 period. Assenagon Asset Management S.A. raised its position in Nayax by 184.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company's stock worth $4,638,000 after buying an additional 115,262 shares during the last quarter. Azora Capital LP lifted its stake in Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company's stock valued at $2,583,000 after acquiring an additional 4,724 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in shares of Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock valued at $2,261,000 after acquiring an additional 1,445 shares during the last quarter. Hedge funds and other 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.