Nayax (NASDAQ:NYAX) Sets New 12-Month High - Still a Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $40.24 and last traded at $40.08, with a volume of 3242 shares changing hands. The stock had previously closed at $39.00.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NYAX shares. Keefe, Bruyette & Woods boosted their price objective on shares of Nayax from $28.00 to $30.00 and gave the company a "market perform" rating in a research report on Monday, December 9th. Jefferies Financial Group upgraded shares of Nayax from a "hold" rating to a "buy" rating in a research report on Wednesday, October 30th. Finally, B. Riley assumed coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price objective for the company. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.25.

Nayax Trading Up 1.3 %

The stock's fifty day moving average price is $32.65 and its 200 day moving average price is $28.10. The stock has a market cap of $1.45 billion, a P/E ratio of -131.83 and a beta of 0.02. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $83.01 million for 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 quarter in the previous year, the firm posted ($0.09) earnings per share. Equities research analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Several large investors have recently made changes to their positions in the business. Swedbank AB increased its position in 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 buying an additional 107,559 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Nayax by 184.1% in 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. ARK Investment Management LLC grew its stake in shares of Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock worth $2,261,000 after acquiring an additional 1,445 shares during the last quarter. Azora Capital LP increased its holdings in shares of Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company's stock valued at $2,583,000 after acquiring an additional 4,724 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Nayax in the 3rd quarter worth about $69,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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.