Nayax (NASDAQ:NYAX) Trading Down 3.1% - Should You Sell?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares were down 3.1% on Friday . The stock traded as low as $34.65 and last traded at $34.32. Approximately 16,295 shares were traded during trading, an increase of 102% from the average daily volume of 8,058 shares. The stock had previously closed at $35.42.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NYAX. B. Riley reaffirmed a "buy" rating and issued a $44.00 price objective (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price target on Nayax from $33.00 to $38.00 and gave the stock a "market perform" rating in a research note on Thursday, March 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Nayax presently has a consensus rating of "Hold" and an average target price of $34.75.

Nayax Stock Up 1.3 %

The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.26 billion, a PE ratio of -114.45 and a beta of 0.08. The company's fifty day moving average is $36.37 and its 200-day moving average is $30.15.

Institutional Trading of Nayax

Large investors have recently modified their holdings of the company. Y.D. More Investments Ltd boosted its position in Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock worth $34,630,000 after purchasing an additional 354,350 shares during the last quarter. Swedbank AB lifted its stake in shares of Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company's stock worth $5,233,000 after purchasing an additional 107,559 shares during the period. Barclays PLC boosted its holdings in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company's stock worth $58,000 after buying an additional 2,266 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in Nayax during the fourth quarter valued at approximately $326,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Nayax during the third quarter valued at approximately $69,000. Institutional investors own 34.87% of the company's stock.

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Nayax Company Profile

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.