Nayax (NASDAQ:NYAX) Trading Down 6.1% – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) shares traded down 6.1% during mid-day trading on Monday . The stock traded as low as $32.38 and last traded at $32.30. 5,639 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 7,888 shares. The stock had previously closed at $34.40.

Analyst Ratings Changes

A number of research analysts have commented on NYAX shares. B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Nayax in a report on Wednesday, March 5th. William Blair upgraded shares of Nayax from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.75.

Nayax Trading Down 4.5 %

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 company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -106.00 and a beta of 0.23. The firm has a fifty day moving average price of $37.02 and a 200-day moving average price of $31.53.

Institutional Investors Weigh In On Nayax

A number of large investors have recently bought and sold shares of NYAX. Y.D. More Investments Ltd lifted its holdings in shares of Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after acquiring an additional 354,350 shares during the period. Barclays PLC lifted its stake in Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the last quarter. Swedbank AB lifted its stake in Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after purchasing an additional 92,441 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of Nayax in the 4th quarter valued at $326,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Nayax in the 3rd quarter valued at $69,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.