Nayax (NASDAQ:NYAX) Receives Buy Rating from B. Riley

Nayax (NASDAQ:NYAX)‘s stock had its “buy” rating reissued by equities research analysts at B. Riley in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $44.00 target price on the stock, up from their prior target price of $42.00. B. Riley’s price target indicates a potential upside of 25.41% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods upped their price objective on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nayax has a consensus rating of “Hold” and a consensus price target of $32.75.

Nayax Trading Down 4.1 %

NYAX traded down $1.50 during trading on Wednesday, reaching $35.09. 5,229 shares of the company’s stock were exchanged, compared to its average volume of 7,758. The company’s fifty day moving average price is $35.68 and its 200-day moving average price is $29.74. 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 $1.24 billion, a PE ratio of -113.17 and a beta of 0.02. Nayax has a fifty-two week low of $20.31 and a fifty-two week high of $40.70.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock valued at $828,000 after acquiring an additional 650 shares during the period. Baillie Gifford & Co. raised its holdings in Nayax by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after buying an additional 1,161 shares during the period. Bank of America Corp DE raised its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares during the period. ARK Investment Management LLC boosted its holdings in shares of Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after buying an additional 1,445 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares during the period. 34.87% of the stock is owned by institutional investors.

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.