Nayax Ltd. (NASDAQ:NYAX) Receives $27.33 Consensus Price Target from Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $30.00.

Several brokerages have recently weighed in on NYAX. Barclays upped their price objective 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. Oppenheimer assumed coverage on Nayax in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Keefe, Bruyette & Woods cut their target price on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. B. Riley began coverage on shares of Nayax in a research note on Tuesday. They set a “buy” rating and a $38.00 price target for the company. Finally, Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NYAX. Barclays PLC boosted its stake in Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after acquiring an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Nayax during the third quarter valued at $69,000. Azora Capital LP increased its position in Nayax by 4.9% in the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after buying an additional 4,724 shares during the last quarter. Swedbank AB raised its stake in shares of Nayax by 107.6% in the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after buying an additional 107,559 shares during the period. Finally, ARK Investment Management LLC lifted its position in shares of Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after buying an additional 1,445 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Stock Performance

NYAX stock opened at $28.69 on Tuesday. Nayax has a 1-year low of $18.46 and a 1-year high of $30.99. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $26.63 and a 200-day moving average price of $24.86. The firm has a market cap of $1.02 billion, a PE ratio of -88.00 and a beta of -0.08.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $83.01 million for 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 period in the prior year, the business earned ($0.09) EPS. As a group, equities research analysts expect that Nayax will post -0.16 earnings per share for the current year.

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.