Nayax Ltd. (NASDAQ:NYAX) Receives $34.75 Consensus PT from Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have been assigned a consensus rating of "Hold" from the six research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $34.75.

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Nayax from $33.00 to $38.00 and gave the stock a "market perform" rating in a report on Thursday, March 6th. B. Riley reiterated a "buy" rating and issued a $44.00 price target (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th.

Nayax Stock Up 2.9 %

Shares of NYAX traded up $0.98 on Monday, reaching $34.60. The stock had a trading volume of 2,523 shares, compared to its average volume of 7,850. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -111.61 and a beta of 0.08. The company has a 50-day simple moving average of $36.91 and a 200-day simple moving average of $30.98. Nayax has a 12-month low of $20.31 and a 12-month high of $40.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

Institutional Trading of Nayax

Institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB increased its holdings in shares of 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 purchasing an additional 107,559 shares during the last quarter. Azora Capital LP grew its holdings 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 buying an additional 4,724 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Nayax in the 3rd quarter worth approximately $69,000. Barclays PLC raised its holdings in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock worth $58,000 after acquiring an additional 2,266 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its position 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 valued at $34,630,000 after acquiring an additional 354,350 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors.

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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.