Nayax (NASDAQ:NYAX) Shares Up 7.1% - Time to Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price shot up 7.1% during trading on Tuesday . The stock traded as high as $35.98 and last traded at $36.41. 1,512 shares were traded during mid-day trading, a decline of 80% from the average session volume of 7,595 shares. The stock had previously closed at $34.00.

Analyst Ratings Changes

Several research firms recently commented on NYAX. Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a research note on Wednesday, October 30th. B. Riley initiated coverage on Nayax in a research report on Tuesday, November 19th. They set a "buy" rating and a $38.00 target price on the stock. Barclays increased their target price on Nayax from $23.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods upped 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. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the 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.

Nayax Stock Down 0.1 %

The company's fifty day moving average price is $30.76 and its 200-day moving average price is $27.09. The stock has a market capitalization of $1.38 billion, a PE ratio of -125.09 and a beta of -0.03. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same period last year, the business earned ($0.09) earnings per share. Analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. increased its stake in shares of Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock worth $1,517,000 after purchasing an additional 1,161 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock valued at $2,261,000 after buying an additional 1,445 shares in the last quarter. Barclays PLC lifted its position in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after buying an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Nayax during the 3rd quarter valued at about $69,000. Finally, Azora Capital LP lifted its position in shares of Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company's stock valued at $2,583,000 after buying an additional 4,724 shares in the last quarter. Institutional investors own 34.87% of the company's stock.

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.