Nayax (NASDAQ:NYAX) Shares Down 3.1% – Time to Sell?

Nayax Ltd. (NASDAQ:NYAX) shares fell 3.1% during trading on Friday . The stock traded as low as $34.65 and last traded at $34.32. 16,295 shares were traded during trading, an increase of 102% from the average session volume of 8,058 shares. The stock had previously closed at $35.42.

Analysts Set New Price Targets

Several brokerages have recently commented on NYAX. B. Riley restated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.75.

Nayax Trading Down 1.0 %

The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.22 billion, a PE ratio of -110.71 and a beta of 0.02. The company has a 50-day simple moving average of $35.96 and a 200 day simple moving average of $29.81.

Institutional Trading of Nayax

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in Nayax in the 4th quarter valued at $217,000. Bank of America Corp DE increased its position 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. Jane Street Group LLC purchased a new stake in Nayax in the fourth quarter valued at approximately $351,000. Hood River Capital Management LLC increased its stake in Nayax by 144.6% during the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company’s stock worth $412,000 after purchasing an additional 8,346 shares during the period. Finally, Geode Capital Management LLC increased its stake in Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock worth $828,000 after buying an additional 650 shares during the period. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.