Nayax Ltd. (NASDAQ:NYAX) Receives $31.25 Consensus Price Target from Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four equities 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. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $31.25.

A number of equities analysts have recently issued reports on the company. B. Riley assumed coverage on Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price objective for the company. Barclays raised their target price on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Oppenheimer assumed coverage on Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their target price on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th.

Institutional Investors Weigh In On Nayax

A number of hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew 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 period. Public Employees Retirement System of Ohio bought a new position in shares of Nayax in the third quarter valued at approximately $69,000. Azora Capital LP lifted its holdings in shares of Nayax by 4.9% in 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 in the last quarter. Swedbank AB lifted its holdings 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 purchasing an additional 107,559 shares in the last quarter. Finally, ARK Investment Management LLC lifted 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 valued at $2,261,000 after purchasing an additional 1,445 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Price Performance

Shares of NYAX opened at $32.97 on Wednesday. Nayax has a 1 year low of $20.31 and a 1 year high of $37.19. 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 company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -106.35 and a beta of -0.03. The business has a 50-day moving average of $28.89 and a 200-day moving average of $25.85.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data 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. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The company had revenue of $83.01 million during the quarter, compared to the consensus estimate of $88.40 million. During the same period last year, the company earned ($0.09) earnings per share. As a group, equities research analysts anticipate that Nayax will post -0.16 earnings per share for the current year.

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.