Verdence Capital Advisors LLC Purchases New Stake in Nayax Ltd. (NASDAQ:NYAX)

Verdence Capital Advisors LLC acquired a new position in Nayax Ltd. (NASDAQ:NYAX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,187 shares of the company's stock, valued at approximately $326,000.

Several other large investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. increased its holdings in shares of Nayax by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock worth $1,517,000 after purchasing an additional 1,161 shares during the period. ARK Investment Management LLC increased its stake in Nayax by 1.7% during the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company's stock valued at $2,261,000 after acquiring an additional 1,445 shares during the period. Barclays PLC raised its holdings in Nayax by 5,526.8% in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Nayax in the 3rd quarter worth approximately $69,000. Finally, Azora Capital LP grew its holdings in shares of Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company's stock worth $2,583,000 after purchasing an additional 4,724 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Price Performance

NYAX stock traded up $0.44 during midday trading on Tuesday, reaching $35.48. 3,254 shares of the company's stock traded hands, compared to its average volume of 8,323. The company has a 50-day simple moving average of $36.25 and a two-hundred day simple moving average of $30.06. 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 Ltd. has a 1-year low of $20.31 and a 1-year high of $40.70. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -114.45 and a beta of 0.08.

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Wall Street Analysts Forecast Growth

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

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.