Nayax (NASDAQ:NYAX) Shares Gap Down to $24.36

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $24.36, but opened at $23.01. Nayax shares last traded at $23.01, with a volume of 452 shares.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NYAX shares. Barclays started coverage on Nayax in a report on Wednesday, May 22nd. They issued an “equal weight” rating and a $27.00 price objective for the company. UBS Group assumed coverage on Nayax in a report on Monday, April 29th. They set a “neutral” rating and a $29.00 target price for the company. Finally, Keefe, Bruyette & Woods initiated coverage on Nayax in a report on Monday, June 17th. They issued a “market perform” rating and a $27.00 price target on the stock.

Nayax Stock Down 6.8 %

The stock’s fifty day moving average price is $24.73 and its 200-day moving average price is $24.49. The company has a quick ratio of 1.27, a current ratio of 1.36 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $746.02 million, a price-to-earnings ratio of -49.37 and a beta of 0.03.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.13). Nayax had a negative net margin of 6.20% and a negative return on equity of 13.46%. The business had revenue of $63.96 million during the quarter, compared to analyst estimates of $70.93 million. On average, sell-side analysts predict that Nayax Ltd. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new position in shares of Nayax during the 1st quarter worth approximately $1,302,000. Assenagon Asset Management S.A. grew its stake in shares of Nayax by 152.9% in the first quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock valued at $1,655,000 after buying an additional 37,853 shares in the last quarter. Swedbank AB acquired a new position in Nayax during the first quarter worth $2,620,000. Hood River Capital Management LLC bought a new stake in Nayax during the first quarter worth $102,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Nayax in the first quarter valued at $9,170,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.