Keefe, Bruyette & Woods Increases Nayax (NASDAQ:NYAX) Price Target to $40.00

Nayax (NASDAQ:NYAX) had its target price upped by Keefe, Bruyette & Woods from $38.00 to $40.00 in a report released on Wednesday,Benzinga reports. The firm currently has a market perform rating on the stock.

Other analysts also recently issued reports about the stock. Jefferies Financial Group reissued a “buy” rating on shares of Nayax in a research report on Tuesday. William Blair upgraded Nayax from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 1st. Finally, B. Riley restated a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Nayax in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.33.

Nayax Stock Performance

NYAX opened at $40.64 on Wednesday. Nayax has a twelve month low of $20.31 and a twelve month high of $42.85. The stock has a market cap of $1.44 billion, a PE ratio of -131.09 and a beta of 0.13. The business’s 50 day moving average is $37.39 and its 200-day moving average is $34.13. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The company had revenue of $81.11 million during the quarter, compared to analysts’ expectations of $85.08 million. On average, analysts predict that Nayax will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares in the last quarter. Barclays PLC increased its position in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares in the last quarter. Citadel Advisors LLC bought a new position in Nayax during the 4th quarter valued at about $217,000. Verdence Capital Advisors LLC acquired a new position in Nayax in the fourth quarter valued at about $326,000. Finally, Jane Street Group LLC acquired a new position in shares of Nayax in the 4th quarter worth approximately $351,000. 34.87% of the stock is currently owned by institutional investors.

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.