Nayax Ltd. (NASDAQ:NYAX) Receives $31.25 Consensus PT from Brokerages

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

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

Nayax Stock Down 2.2 %

Shares of NASDAQ:NYAX traded down $0.75 during midday trading on Wednesday, hitting $33.17. 3,430 shares of the company's stock traded hands, compared to its average volume of 10,406. The firm's fifty day moving average price is $28.66 and its two-hundred day moving average price is $25.66. 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 twelve month low of $19.00 and a twelve month high of $34.68. The company has a market cap of $1.18 billion, a PE ratio of -107.00 and a beta of -0.03.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate 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 business had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. During the same period last year, the business posted ($0.09) EPS. On average, equities research analysts anticipate that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in shares of Nayax in the 2nd quarter worth approximately $14,790,000. Swedbank AB boosted 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 valued at $5,233,000 after acquiring an additional 107,559 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company's stock worth $4,638,000 after acquiring an additional 115,262 shares during the last quarter. Azora Capital LP increased its holdings in shares of Nayax by 4.9% in the 3rd 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, ARK Investment Management LLC lifted its position in 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 purchasing an additional 1,445 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

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.