Nayax Ltd. (NASDAQ:NYAX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.25.

Several research analysts have commented on NYAX shares. Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a report on Wednesday, October 30th. Barclays upped their price target on Nayax from $23.00 to $28.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods increased their target price on Nayax from $28.00 to $30.00 and gave the company a "market perform" rating in a report on Monday, December 9th. Finally, B. Riley initiated coverage on Nayax in a research report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price target for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NYAX. Y.D. More Investments Ltd increased its holdings in shares of Nayax by 42.7% during the 4th 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 period. Assenagon Asset Management S.A. raised its holdings in Nayax by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company's stock worth $4,638,000 after purchasing an additional 115,262 shares during the period. Swedbank AB raised its holdings in shares of Nayax by 107.6% during the third quarter. Swedbank AB now owns 207,559 shares of the company's stock worth $5,233,000 after acquiring an additional 107,559 shares during the period. Azora Capital LP raised its holdings in shares of Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company's stock worth $2,583,000 after acquiring an additional 4,724 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Nayax in the third quarter valued at $69,000. Institutional investors and hedge funds own 34.87% of the company's stock.

Nayax Stock Down 0.1 %

Shares of NASDAQ NYAX traded down $0.03 during mid-day trading on Friday, hitting $39.86. 4,621 shares of the stock traded hands, compared to its average volume of 7,710. 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 has a 52 week low of $20.31 and a 52 week high of $39.97. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -128.56 and a beta of 0.02. The stock has a fifty day moving average price of $31.37 and a 200-day moving average price of $27.48.

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

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.