Nayax (NASDAQ:NYAX) Raised to Strong-Buy at B. Riley

Nayax (NASDAQ:NYAX - Get Free Report) was upgraded by equities researchers at B. Riley to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

NYAX has been the topic of several other research reports. Keefe, Bruyette & Woods reduced their price objective on shares of Nayax from $27.00 to $25.00 and set a "market perform" rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group upgraded shares of Nayax from a "hold" rating to a "buy" rating in a research note on Wednesday, October 30th. Oppenheimer started coverage on Nayax in a research note on Tuesday, October 1st. They set a "market perform" rating on the stock. Finally, Barclays lifted their price objective on shares of Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

Nayax Price Performance

Shares of Nayax stock traded down $0.82 during trading on Monday, reaching $27.28. 759 shares of the company's stock were exchanged, compared to its average volume of 8,314. The firm's 50-day moving average price is $26.56 and its 200 day moving average price is $24.84. The company has a market cap of $967.35 million, a P/E ratio of -90.48 and a beta of -0.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. Nayax has a 1-year low of $18.46 and a 1-year high of $30.99.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly 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. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The company had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same period in the previous year, the firm posted ($0.09) EPS. As a group, research analysts anticipate that Nayax will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NYAX. Barclays PLC lifted its holdings in Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after purchasing an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Nayax in the third quarter valued at approximately $69,000. Hood River Capital Management LLC bought a new stake in Nayax during the 1st quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company's stock worth $168,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Ingalls & Snyder LLC bought a new position in Nayax in the 2nd quarter valued at $229,000. Hedge funds and other institutional investors own 34.87% of the company's stock.

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.