Nayax (NASDAQ:NYAX) Shares Gap Up – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) shares gapped up prior to trading on Monday . The stock had previously closed at $30.67, but opened at $32.86. Nayax shares last traded at $32.86, with a volume of 1,093 shares.

Analysts Set New Price Targets

NYAX has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday, December 9th. Barclays increased their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. B. Riley assumed coverage on Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective on the stock. Oppenheimer started coverage on Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nayax has an average rating of “Moderate Buy” and an average target price of $31.25.

Nayax Stock Performance

The business’s 50 day simple moving average is $28.66 and its two-hundred day simple moving average is $25.66. The firm has a market capitalization of $1.18 billion, a PE ratio of -107.00 and a beta of -0.03. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $83.01 million during the quarter, compared to analysts’ expectations of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Research analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after purchasing an additional 1,099 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Nayax by 35.8% in the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after acquiring an additional 1,401 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after buying an additional 1,445 shares during the period. Barclays PLC lifted its holdings in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax in the 3rd quarter worth $69,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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.