Nayax (NASDAQ:NYAX) Hits New 12-Month High – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) shares reached a new 52-week high on Friday . The company traded as high as $37.19 and last traded at $32.20, with a volume of 1605 shares traded. The stock had previously closed at $33.17.

Analyst Upgrades and Downgrades

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

Nayax Price Performance

The firm’s fifty day moving average price is $28.89 and its 200 day moving average price is $25.88. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.17 billion, a PE ratio of -106.35 and a beta of -0.03.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, topping 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 firm had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. As a group, equities analysts expect that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

A number of hedge funds have recently bought and sold shares of the business. Hood River Capital Management LLC raised its stake in Nayax by 35.8% during the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after purchasing an additional 1,401 shares in the last quarter. ARK Investment Management LLC raised its stake in Nayax by 1.7% during 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. Barclays PLC raised its stake in Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Nayax during the third quarter valued at $69,000. Finally, Azora Capital LP raised its stake 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 in the last quarter. Hedge funds and other 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.