Nayax Ltd. (NASDAQ:NYAX) Shares Bought by Swedbank AB

Swedbank AB lifted its holdings in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 107.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 207,559 shares of the company's stock after acquiring an additional 107,559 shares during the quarter. Swedbank AB owned 0.59% of Nayax worth $5,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NYAX. Baillie Gifford & Co. lifted its stake in shares of Nayax by 1.2% in the second quarter. Baillie Gifford & Co. now owns 50,086 shares of the company's stock worth $1,072,000 after buying an additional 616 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Nayax in the 2nd quarter valued at approximately $1,673,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company's stock worth $168,000 after buying an additional 1,099 shares during the last quarter. Ingalls & Snyder LLC purchased a new position in Nayax in the second quarter worth approximately $229,000. Finally, Y.D. More Investments Ltd acquired a new stake in Nayax during the second quarter worth $14,790,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Stock Performance

NYAX traded up $0.63 during trading on Thursday, hitting $29.74. 16,616 shares of the stock were exchanged, compared to its average volume of 8,423. Nayax Ltd. has a 1-year low of $18.46 and a 1-year high of $30.99. The stock has a fifty day moving average price of $27.02 and a two-hundred day moving average price of $24.86. The firm has a market capitalization of $1.05 billion, a P/E ratio of -95.93 and a beta of -0.08. 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 issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The firm had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same period last year, the company earned ($0.09) EPS. As a group, sell-side analysts predict that Nayax Ltd. will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NYAX shares. Oppenheimer initiated coverage on Nayax in a report on Tuesday, October 1st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods dropped their target price on shares of Nayax from $27.00 to $25.00 and set a "market perform" rating for the company in a report on Thursday, August 8th. B. Riley assumed coverage on Nayax in a report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price objective on the stock. Barclays lifted their target price on Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group raised shares of Nayax from a "hold" rating to a "buy" rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $30.00.

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.