Nayax Ltd. (NASDAQ:NYAX) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 5,526.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,307 shares of the company’s stock after acquiring an additional 2,266 shares during the quarter. Barclays PLC’s holdings in Nayax were worth $58,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NYAX. Y.D. More Investments Ltd purchased a new position in Nayax during the 2nd quarter worth approximately $14,790,000. Swedbank AB increased 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 worth $5,233,000 after acquiring an additional 107,559 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after purchasing an additional 115,262 shares during the last quarter. Azora Capital LP lifted its position in Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after purchasing an additional 4,724 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,445 shares during the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NYAX shares. B. Riley began coverage on Nayax in a research note on Tuesday, November 19th. They set a “buy” rating and a $38.00 price objective for the company. Barclays lifted their price target on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Finally, Oppenheimer initiated coverage on shares of Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Nayax Trading Down 2.2 %

Shares of NYAX stock opened at $33.17 on Friday. Nayax Ltd. has a 1-year low of $19.00 and a 1-year high of $34.68. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -107.00 and a beta of -0.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The stock has a 50 day simple moving average of $28.82 and a 200-day simple moving average of $25.77.

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