Nayax (NASDAQ:NYAX) Given New $38.00 Price Target at Keefe, Bruyette & Woods

Nayax (NASDAQ:NYAX - Free Report) had its price target boosted by Keefe, Bruyette & Woods from $33.00 to $38.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Separately, B. Riley restated a "buy" rating and issued a $44.00 price target (up from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $34.75.

Nayax Stock Performance

NYAX traded down $0.77 during trading on Thursday, hitting $35.06. The stock had a trading volume of 28,046 shares, compared to its average volume of 8,344. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The company has a 50 day moving average price of $36.12 and a 200-day moving average price of $29.98. Nayax has a one year low of $20.31 and a one year high of $40.70. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -113.10 and a beta of 0.08.

Institutional Trading of Nayax

Several large investors have recently modified their holdings of NYAX. Y.D. More Investments Ltd lifted its position in Nayax by 42.7% during the fourth 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. Swedbank AB raised 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 worth $5,233,000 after buying an additional 107,559 shares in the last quarter. Barclays PLC lifted its position 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 buying an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the third quarter valued at about $69,000. Finally, Verdence Capital Advisors LLC bought a new position in Nayax in the fourth quarter valued at about $326,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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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.