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

Nayax Ltd. (NASDAQ:NYAX)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $33.85, but opened at $35.69. Nayax shares last traded at $36.78, with a volume of 3,328 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NYAX. Keefe, Bruyette & Woods increased their target price on Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, March 6th. B. Riley reissued a “buy” rating and set a $44.00 target price (up previously from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Finally, William Blair raised shares of Nayax from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.75.

Nayax Trading Down 1.4 %

The firm’s fifty day simple moving average is $36.95 and its 200 day simple moving average is $31.36. The stock has a market capitalization of $1.31 billion, a P/E ratio of -119.32 and a beta of 0.08. 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 Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NYAX. Bank of America Corp DE boosted its holdings in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares in the last quarter. Barclays PLC lifted its position in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after buying an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the third quarter valued at about $69,000. Citadel Advisors LLC bought a new position in Nayax in the fourth quarter valued at about $217,000. Finally, Verdence Capital Advisors LLC acquired a new position in Nayax during the fourth quarter worth about $326,000. 34.87% of the stock is currently 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.