Nayax Ltd. (NASDAQ:NYAX) Receives Average Rating of “Hold” from Analysts

Nayax Ltd. (NASDAQ:NYAX) has received an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $34.75.

Several research analysts recently weighed in on NYAX shares. B. Riley reiterated a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods raised their price objective on Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, March 6th.

Nayax Stock Performance

Nayax stock opened at $33.95 on Monday. The firm has a 50 day simple moving average of $36.86 and a 200-day simple moving average of $31.16. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -109.51 and a beta of 0.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. Nayax has a 1-year low of $20.31 and a 1-year high of $40.70.

Institutional Investors Weigh In On Nayax

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB boosted its holdings in shares of Nayax by 107.6% in the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after acquiring an additional 107,559 shares during the period. Azora Capital LP raised its position in Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after purchasing an additional 4,724 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Nayax during the 3rd quarter worth $69,000. Barclays PLC raised 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 last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after purchasing an additional 354,350 shares during the last quarter. Institutional investors and hedge funds 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.