Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $33.52, but opened at $34.98. Nayax shares last traded at $34.78, with a volume of 4,560 shares trading hands.
Analyst Ratings Changes
A number of research firms have recently commented on NYAX. Keefe, Bruyette & Woods increased their target price on shares of Nayax from $33.00 to $38.00 and gave the stock a "market perform" rating in a report on Thursday, March 6th. B. Riley restated a "buy" rating and issued a $44.00 target price (up previously from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $34.75.
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Nayax Price Performance
The company has a 50 day moving average price of $36.86 and a 200-day moving average price of $31.07. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -109.51 and a beta of 0.08. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.
Hedge Funds Weigh In On Nayax
Several institutional investors and hedge funds have recently added to or reduced their stakes in NYAX. Bank of America Corp DE grew its stake in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after purchasing an additional 1,353 shares during the last quarter. Barclays PLC lifted its position in shares of Nayax by 5,526.8% in 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 during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Nayax in the 3rd quarter valued at $69,000. Citadel Advisors LLC bought a new stake in Nayax during the fourth quarter valued at $217,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Nayax during the 4th quarter worth about $326,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.
About Nayax
(
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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