Nayax Ltd. (NASDAQ:NYAX) Given Average Rating of “Moderate Buy” by Analysts

Nayax Ltd. (NASDAQ:NYAX) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $38.33.

NYAX has been the topic of several recent research reports. William Blair raised Nayax from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nayax in a research report on Tuesday, May 13th. B. Riley reaffirmed a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods increased their target price on Nayax from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, May 14th.

Institutional Trading of Nayax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the last quarter. Barclays PLC lifted its holdings in shares of 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 purchasing an additional 2,266 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Nayax during the 4th quarter valued at $217,000. Bosun Asset Management LLC purchased a new stake in shares of Nayax during the 1st quarter valued at $332,000. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Nayax during the 4th quarter valued at $326,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Stock Down 0.3%

Shares of NASDAQ NYAX opened at $41.18 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -132.83 and a beta of 0.13. The stock has a 50 day moving average price of $37.77 and a 200 day moving average price of $34.48. Nayax has a 52-week low of $20.31 and a 52-week high of $42.85.

Nayax (NASDAQ:NYAX) last posted its 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). The company had revenue of $81.11 million for the quarter, compared to analysts’ expectations of $85.08 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. Sell-side analysts expect that Nayax will post -0.16 earnings per share for the current year.

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.