Swedbank AB raised its holdings in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 300,000 shares of the company's stock after purchasing an additional 92,441 shares during the period. Swedbank AB owned about 0.85% of Nayax worth $8,748,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of NYAX. Assenagon Asset Management S.A. grew its stake in Nayax by 184.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company's stock worth $4,638,000 after purchasing an additional 115,262 shares in the last quarter. Azora Capital LP lifted its holdings in shares of Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company's stock valued at $2,583,000 after purchasing an additional 4,724 shares during the last quarter. ARK Investment Management LLC lifted its holdings in shares of Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock valued at $2,261,000 after purchasing an additional 1,445 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Nayax during the 3rd quarter valued at approximately $69,000. Finally, Barclays PLC raised its stake in 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 acquiring an additional 2,266 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on NYAX shares. Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a report on Wednesday, October 30th. 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. B. Riley assumed coverage on Nayax in a research report on Tuesday, November 19th. They issued a "buy" rating and a $38.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on Nayax from $28.00 to $30.00 and gave the company a "market perform" rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.25.
Get Our Latest Stock Analysis on Nayax
Nayax Price Performance
Nayax stock traded down $0.03 during mid-day trading on Wednesday, hitting $39.86. The company's stock had a trading volume of 4,621 shares, compared to its average volume of 7,710. Nayax Ltd. has a twelve month low of $20.31 and a twelve month high of $39.97. 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 stock has a market capitalization of $1.41 billion, a P/E ratio of -128.56 and a beta of 0.02. The stock's fifty day moving average price is $31.37 and its two-hundred day moving average price is $27.48.
Nayax (NASDAQ:NYAX - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business earned ($0.09) EPS. Research analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current year.
About Nayax
(
Free Report)
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.
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