Nayax (NASDAQ:NYAX) Shares Gap Down to $25.88

Nayax Ltd. (NASDAQ:NYAX) shares gapped down before the market opened on Wednesday . The stock had previously closed at $25.88, but opened at $24.87. Nayax shares last traded at $25.83, with a volume of 4,546 shares.

Wall Street Analyst Weigh In

NYAX has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price objective on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Oppenheimer began coverage on shares of Nayax in a research report on Tuesday. They set a “market perform” rating for the company. Finally, Barclays cut their price objective on Nayax from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th.

Nayax Stock Performance

The company’s fifty day simple moving average is $23.84 and its two-hundred day simple moving average is $24.55. The company has a market capitalization of $833.66 million, a price-to-earnings ratio of -55.85 and a beta of 0.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.25.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $78.09 million during the quarter, compared to the consensus estimate of $78.10 million. Nayax had a negative net margin of 5.34% and a negative return on equity of 11.18%. During the same period in the prior year, the firm earned ($0.12) earnings per share. Equities research analysts predict that Nayax Ltd. will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nayax

A number of large investors have recently bought and sold shares of NYAX. Hood River Capital Management LLC grew its position in shares of Nayax by 35.8% during the second 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. Altshuler Shaham Ltd acquired a new stake in shares of Nayax in the second quarter valued at approximately $1,010,000. Y.D. More Investments Ltd bought a new stake in shares of Nayax during the second quarter valued at approximately $14,790,000. Ingalls & Snyder LLC acquired a new position in shares of Nayax during the second quarter worth approximately $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after buying an additional 1,099 shares in 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.