Nayax (NASDAQ:NYAX) Upgraded at B. Riley

B. Riley upgraded shares of Nayax (NASDAQ:NYAX) to a strong-buy rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently weighed in on NYAX. Barclays lifted their target price on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer began coverage on shares of Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods lowered their price target on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Nayax Stock Performance

NASDAQ:NYAX opened at $27.28 on Monday. The firm has a market capitalization of $967.35 million, a PE ratio of -90.48 and a beta of -0.08. The stock’s fifty day moving average is $26.56 and its 200 day moving average is $24.84. Nayax has a fifty-two week low of $18.46 and a fifty-two week high of $30.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The business had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. On average, sell-side analysts anticipate that Nayax will post -0.16 earnings per share for the current year.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hood River Capital Management LLC bought a new position in Nayax in the first quarter worth about $102,000. Swedbank AB purchased a new position in shares of Nayax in the 1st quarter valued at approximately $2,620,000. Baillie Gifford & Co. boosted its stake in Nayax by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after purchasing an additional 616 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Nayax during the 2nd quarter valued at approximately $1,673,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Nayax by 16.1% during the second 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 during the period. 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.