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

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $31.25.

NYAX has been the subject of several analyst reports. Oppenheimer initiated coverage on Nayax in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Barclays boosted their target price on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Finally, B. Riley initiated coverage on shares of Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective for the company.

Nayax Trading Up 1.8 %

NYAX stock opened at $27.26 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market cap of $966.64 million, a price-to-earnings ratio of -87.93 and a beta of -0.07. The business has a fifty day simple moving average of $27.70 and a 200-day simple moving average of $25.04. Nayax has a 52 week low of $18.46 and a 52 week high of $30.99.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $88.40 million. During the same quarter last year, the firm posted ($0.09) earnings per share. On average, equities research analysts expect that Nayax will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its position in shares of Nayax by 1.2% during the second quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after purchasing an additional 616 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Nayax in the 2nd quarter worth approximately $1,673,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after acquiring an additional 1,099 shares during the last quarter. Ingalls & Snyder LLC bought a new stake in shares of Nayax in the 2nd quarter valued at approximately $229,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Nayax during the 2nd quarter valued at approximately $14,790,000. 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.