Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $33.08, but opened at $34.20. Nayax shares last traded at $35.01, with a volume of 8,488 shares.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Nayax from $28.00 to $30.00 and gave the stock a "market perform" rating in a report on Monday, December 9th. Barclays raised their price target on Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Oppenheimer assumed coverage on Nayax in a report on Tuesday, October 1st. They set a "market perform" rating on the stock. B. Riley started coverage on Nayax in a research report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price objective for the company. Finally, Jefferies Financial Group raised shares of Nayax from a "hold" rating to a "buy" rating in a research note on Wednesday, October 30th. 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.25.
Check Out Our Latest Stock Analysis on Nayax
Nayax Stock Up 2.8 %
The firm has a 50 day moving average of $30.11 and a two-hundred day moving average of $26.77. 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 stock has a market capitalization of $1.21 billion, a PE ratio of -109.67 and a beta of -0.03.
Nayax (NASDAQ:NYAX - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $83.01 million during the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same quarter in the previous year, the company posted ($0.09) EPS. Equities research analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.
Institutional Trading of Nayax
Several large investors have recently modified their holdings of NYAX. Y.D. More Investments Ltd lifted its stake in Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock valued at $34,630,000 after buying an additional 354,350 shares in the last quarter. Swedbank AB raised its holdings in shares of Nayax by 44.5% in the fourth quarter. Swedbank AB now owns 300,000 shares of the company's stock worth $8,748,000 after acquiring an additional 92,441 shares during the last quarter. Assenagon Asset Management S.A. lifted its position 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 valued at $4,638,000 after acquiring an additional 115,262 shares in the last quarter. Azora Capital LP boosted its stake 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 during the last quarter. Finally, ARK Investment Management LLC boosted its stake in shares of 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 acquiring an additional 1,445 shares during the last quarter. 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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