Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $36.58, but opened at $35.31. Nayax shares last traded at $35.09, with a volume of 1,294 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently weighed in on NYAX. B. Riley reissued a "buy" rating and issued a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Nayax from $33.00 to $38.00 and gave the company a "market perform" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $34.75.
Check Out Our Latest Stock Analysis on NYAX
Nayax Price Performance
The stock has a market cap of $1.27 billion, a PE ratio of -115.58 and a beta of 0.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The stock's 50-day moving average is $36.12 and its two-hundred day moving average is $29.98.
Institutional Investors Weigh In On Nayax
Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after buying an additional 1,353 shares in the last quarter. Barclays PLC lifted its holdings in 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Nayax during the 3rd quarter worth approximately $69,000. Citadel Advisors LLC acquired a new stake in Nayax during the 4th quarter worth approximately $217,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Nayax during the 4th quarter worth approximately $326,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.
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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