Nayax (NASDAQ:NYAX) Shares Gap Down – What’s Next?

Shares of Nayax Ltd. (NASDAQ:NYAX) gapped down before the market opened on Wednesday . The stock had previously closed at $34.68, but opened at $33.62. Nayax shares last traded at $34.79, with a volume of 301 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price objective on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.75.

Nayax Price Performance

The stock has a market capitalization of $1.20 billion, a PE ratio of -109.51 and a beta of 0.08. The business’s 50-day moving average price is $36.90 and its 200 day moving average price is $31.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

Institutional Trading of Nayax

A number of large investors have recently modified their holdings of the business. Y.D. More Investments Ltd increased its stake in Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after acquiring an additional 354,350 shares during the last quarter. Swedbank AB lifted its position in Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after buying an additional 92,441 shares during the last quarter. Azora Capital LP lifted its holdings in shares of Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after acquiring an additional 4,724 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Nayax during the fourth quarter valued at about $1,581,000. Finally, Baillie Gifford & Co. grew its holdings in shares of Nayax by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after purchasing an additional 1,161 shares during the last quarter. Institutional investors own 34.87% of the company’s stock.

Nayax Company 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.