Nayax (NASDAQ:NYAX) Trading Up 5% - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price was up 5% on Tuesday . The stock traded as high as $34.20 and last traded at $34.51. Approximately 1,573 shares were traded during trading, a decline of 80% from the average daily volume of 7,887 shares. The stock had previously closed at $32.86.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NYAX shares. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $33.00 to $38.00 and gave the stock a "market perform" rating in a research report on Thursday, March 6th. Finally, B. Riley reaffirmed 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $34.75.

Nayax Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The company's fifty day moving average price is $36.61 and its 200 day moving average price is $31.91. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -118.74 and a beta of 0.23.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in shares of Nayax during the fourth quarter valued at approximately $217,000. 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 in the last quarter. Jane Street Group LLC acquired a new position in shares of Nayax during the fourth quarter valued at $351,000. Hood River Capital Management LLC raised its stake in shares of Nayax by 144.6% during the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after purchasing an additional 8,346 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after purchasing an additional 650 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.