Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $33.92, but opened at $32.53. Nayax shares last traded at $32.53, with a volume of 211 shares.
Analyst Upgrades and Downgrades
NYAX has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Nayax from a "hold" rating to a "buy" rating in a research report on Wednesday, October 30th. Barclays boosted their target price on Nayax from $23.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. B. Riley started coverage on Nayax in a report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price target on the stock. Keefe, Bruyette & Woods raised their price target on Nayax from $28.00 to $30.00 and gave the company a "market perform" rating in a research report on Monday, December 9th. Finally, Oppenheimer assumed coverage on shares of Nayax in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.25.
Check Out Our Latest Stock Analysis on Nayax
Nayax Stock Performance
The company has a market capitalization of $1.18 billion, a PE ratio of -107.00 and a beta of -0.03. 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 business's fifty day moving average is $28.66 and its two-hundred day moving average is $25.66.
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 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 firm had revenue of $83.01 million during the quarter, compared to analysts' expectations of $88.40 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. Equities research analysts predict that Nayax Ltd. will post -0.16 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in NYAX. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company's stock valued at $168,000 after purchasing an additional 1,099 shares during the last quarter. Hood River Capital Management LLC grew its position in Nayax by 35.8% during the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company's stock valued at $116,000 after buying an additional 1,401 shares during the period. ARK Investment Management LLC increased its holdings in Nayax by 1.7% during the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock valued at $2,261,000 after buying an additional 1,445 shares during the last quarter. Barclays PLC raised its position in Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company's stock worth $58,000 after acquiring an additional 2,266 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Nayax in the third quarter worth approximately $69,000. 34.87% of the stock is owned by hedge funds and other institutional investors.
Nayax Company Profile
(
Get Free Report)
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.
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