Assenagon Asset Management S.A. Reduces Position in Nayax Ltd. (NASDAQ:NYAX)

Assenagon Asset Management S.A. reduced its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 29.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,360 shares of the company’s stock after selling 51,514 shares during the period. Assenagon Asset Management S.A. owned approximately 0.36% of Nayax worth $3,707,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NYAX. Swedbank AB raised its stake in Nayax by 107.6% in the 3rd 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 last quarter. Azora Capital LP increased 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 during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Nayax in the third quarter worth about $69,000. Barclays PLC lifted its holdings in shares of Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the period. Finally, ARK Investment Management LLC boosted its position 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 buying an additional 1,445 shares during the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays raised 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. Oppenheimer assumed coverage on shares of Nayax in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on 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 assumed coverage on Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective for the company. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nayax currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Nayax Stock Performance

Shares of NASDAQ NYAX opened at $34.31 on Wednesday. The company has a market capitalization of $1.22 billion, a PE ratio of -110.67 and a beta of -0.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The company’s fifty day moving average price is $29.63 and its 200 day moving average price is $26.48. Nayax Ltd. has a 1 year low of $20.31 and a 1 year high of $37.19.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share 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 during the quarter, compared to the consensus estimate of $88.40 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. On average, research analysts predict that Nayax Ltd. 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.