Nayax Ltd. (NASDAQ:NYAX) Receives $47.33 Consensus PT from Brokerages

Nayax Ltd. (NASDAQ:NYAX) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.3333.

NYAX has been the topic of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their target price on shares of Nayax from $50.00 to $47.00 and set a “market perform” rating on the stock in a research report on Thursday, November 20th. Wall Street Zen lowered shares of Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. UBS Group raised their price objective on Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Finally, Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new position in shares of Nayax in the second quarter valued at about $33,000. Bank of America Corp DE raised its stake in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Nayax during the third quarter worth about $128,000. Finally, Ascent Group LLC bought a new stake in shares of Nayax in the second quarter worth about $220,000. Institutional investors own 34.87% of the company’s stock.

Nayax Trading Up 0.0%

NASDAQ NYAX opened at $48.64 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The stock’s 50-day simple moving average is $44.34 and its two-hundred day simple moving average is $45.94. Nayax has a twelve month low of $27.46 and a twelve month high of $52.46. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 75.99 and a beta of 0.18.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). The firm had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. Nayax had a net margin of 6.49% and a return on equity of 6.51%. Research analysts forecast that Nayax will post -0.16 EPS for the current fiscal year.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.