Nayax Ltd. (NASDAQ:NYAX) is Y.D. More Investments Ltd's 8th Largest Position

Y.D. More Investments Ltd grew its position in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 42.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,183,988 shares of the company's stock after buying an additional 354,350 shares during the period. Nayax makes up about 3.1% of Y.D. More Investments Ltd's investment portfolio, making the stock its 8th largest holding. Y.D. More Investments Ltd owned about 3.34% of Nayax worth $34,630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Nayax by 184.1% in 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 in the last quarter. Swedbank AB boosted its holdings in shares of Nayax by 107.6% during the 3rd 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 last quarter. Azora Capital LP grew its stake in shares of Nayax by 4.9% in 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. Public Employees Retirement System of Ohio purchased a new position in shares of Nayax during the third quarter valued at approximately $69,000. Finally, Barclays PLC lifted its position in Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after purchasing an additional 2,266 shares during the period. Institutional investors own 34.87% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. B. Riley began coverage on shares of Nayax in a research note on Tuesday, November 19th. They set a "buy" rating and a $38.00 target price for the company. Barclays upped their price objective on Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $28.00 to $30.00 and gave the stock a "market perform" rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.25.

Nayax Stock Performance

Shares of NASDAQ NYAX traded down $0.50 during trading on Friday, hitting $39.05. The company had a trading volume of 807 shares, compared to its average volume of 6,636. The stock has a 50 day simple moving average of $31.96 and a 200 day simple moving average of $27.75. The firm has a market capitalization of $1.38 billion, a P/E ratio of -125.96 and a beta of 0.02. 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 Ltd. has a 12 month low of $20.31 and a 12 month high of $39.97.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same period in the prior year, the business posted ($0.09) earnings per share. As a group, analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Nayax 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.