Swedbank AB Buys 107,559 Shares of Nayax Ltd. (NASDAQ:NYAX)

Swedbank AB lifted its position in Nayax Ltd. (NASDAQ:NYAX) by 107.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 207,559 shares of the company’s stock after purchasing an additional 107,559 shares during the quarter. Swedbank AB owned 0.59% of Nayax worth $5,233,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. boosted its position in Nayax by 1.2% in the second quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock valued at $1,072,000 after buying an additional 616 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Nayax during the 2nd quarter worth approximately $1,673,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after purchasing an additional 1,099 shares in the last quarter. Ingalls & Snyder LLC bought a new position in Nayax in the 2nd quarter valued at $229,000. Finally, Y.D. More Investments Ltd acquired a new position in Nayax in the second quarter worth $14,790,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Stock Up 2.2 %

Shares of NASDAQ:NYAX opened at $29.74 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -95.93 and a beta of -0.08. The company has a 50 day moving average of $27.02 and a 200-day moving average of $24.86. Nayax Ltd. has a one year low of $18.46 and a one year high of $30.99.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The firm had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. During the same quarter in the previous year, the business earned ($0.09) EPS. On average, sell-side analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NYAX. B. Riley began coverage on Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price for the company. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Barclays increased their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Oppenheimer began coverage on shares of Nayax in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods decreased their price objective on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Nayax 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.