Nayax (NASDAQ:NYAX) Shares Gap Up - Should You Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $36.18, but opened at $37.10. Nayax shares last traded at $39.13, with a volume of 1,237 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. B. Riley reiterated a "buy" rating and issued a $44.00 price target (up from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods raised their price objective on Nayax from $33.00 to $38.00 and gave the company a "market perform" rating in a research report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.75.

Nayax Price Performance

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 cap of $1.34 billion, a PE ratio of -121.67 and a beta of 0.23. The company's 50 day moving average is $36.46 and its 200-day moving average is $32.29.

Institutional Trading of Nayax

Hedge funds and other institutional investors have recently modified their holdings of the business. Y.D. More Investments Ltd grew its stake in Nayax by 42.7% during 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 purchasing an additional 354,350 shares in the last quarter. Swedbank AB increased its stake 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 buying an additional 92,441 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Nayax in the fourth quarter worth $1,581,000. Baillie Gifford & Co. raised its holdings in Nayax by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock valued at $1,517,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after acquiring an additional 650 shares during the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

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.