Nayax (NASDAQ:NYAX) Shares Gap Down - Time to Sell?

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $34.19, but opened at $33.30. Nayax shares last traded at $33.13, with a volume of 9,013 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. B. Riley assumed coverage on Nayax in a research note on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on Nayax from $28.00 to $30.00 and gave the company a "market perform" rating in a research note on Monday, December 9th. Barclays raised their price objective on Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Oppenheimer initiated coverage on Nayax in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Finally, Jefferies Financial Group raised Nayax from a "hold" rating to a "buy" rating in a report on Wednesday, October 30th. Four 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $31.25.

Nayax Price Performance

The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -105.96 and a beta of -0.03. The stock has a fifty day simple moving average of $30.11 and a 200-day simple moving average of $26.75. 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 announced its quarterly earnings data 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 company had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same quarter last year, the firm earned ($0.09) EPS. As a group, equities research analysts expect that Nayax Ltd. will post -0.16 EPS for the current year.

Institutional Trading of Nayax

Institutional investors have recently modified their holdings of the company. Barclays PLC grew its holdings 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 purchasing an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Nayax during the 3rd quarter worth approximately $69,000. ARK Investment Management LLC lifted its position in shares of Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock worth $2,261,000 after buying an additional 1,445 shares during the period. Azora Capital LP lifted its position in shares of Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company's stock worth $2,583,000 after buying an additional 4,724 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Nayax by 184.1% during 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 during the period. Institutional investors and hedge funds own 34.87% of the company's stock.

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.