B. Riley Reiterates Buy Rating for Nayax (NASDAQ:NYAX)

B. Riley restated their buy rating on shares of Nayax (NASDAQ:NYAX - Free Report) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $44.00 price target on the stock, up from their prior price target of $42.00. B. Riley also issued estimates for Nayax's Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $0.70 EPS and FY2026 earnings at $1.42 EPS.

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Nayax from $28.00 to $30.00 and gave the stock a "market perform" rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.75.

Nayax Trading Up 3.4 %

Shares of NASDAQ:NYAX traded up $1.18 during trading on Wednesday, hitting $35.83. 1,751 shares of the company's stock were exchanged, compared to its average volume of 7,913. Nayax has a 1-year low of $20.31 and a 1-year high of $40.70. The firm has a 50-day moving average price of $36.12 and a two-hundred day moving average price of $29.98. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.27 billion, a P/E ratio of -115.58 and a beta of 0.08.

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Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in Nayax during the fourth quarter valued at approximately $217,000. Bank of America Corp DE grew its holdings in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after purchasing an additional 1,353 shares during the period. Jane Street Group LLC acquired a new position in Nayax during the fourth quarter valued at approximately $351,000. Hood River Capital Management LLC grew its holdings in Nayax by 144.6% during the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after purchasing an additional 8,346 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Nayax by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 34.87% of the company's stock.

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.