Nayax (NASDAQ:NYAX) Trading Up 4% - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price traded up 4% on Thursday . The company traded as high as $34.76 and last traded at $34.96. 993 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 7,844 shares. The stock had previously closed at $33.62.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NYAX shares. Keefe, Bruyette & Woods lifted 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, March 6th. B. Riley reaffirmed 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $34.75.

Nayax Trading Up 2.6 %

The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -112.22 and a beta of 0.08. The business's 50 day simple moving average is $36.86 and its 200 day simple moving average is $31.16. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Institutional Trading of Nayax

Hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd increased its holdings in shares of Nayax by 42.7% in the fourth 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 during the last quarter. Barclays PLC raised its holdings in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after acquiring an additional 2,266 shares during the period. Swedbank AB lifted its position in Nayax by 44.5% during 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. Verdence Capital Advisors LLC bought a new stake in shares of Nayax during the fourth quarter worth approximately $326,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Nayax during the third quarter worth approximately $69,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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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.