Barclays PLC Acquires 2,266 Shares of Nayax Ltd. (NASDAQ:NYAX)

Barclays PLC increased its holdings in shares of Nayax Ltd. (NASDAQ:NYAX) by 5,526.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NYAX. ARK Investment Management LLC raised its position 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 buying an additional 1,445 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Nayax in the 3rd quarter valued at $69,000. Azora Capital LP lifted its position in shares of Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after acquiring an additional 4,724 shares during the period. Swedbank AB grew its holdings in shares of Nayax by 107.6% during the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after purchasing an additional 107,559 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Nayax by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after purchasing an additional 115,262 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Stock Performance

Shares of NYAX stock opened at $32.85 on Friday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -105.96 and a beta of -0.03. 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 business’s 50-day moving average price is $30.11 and its 200-day moving average price is $26.73. Nayax Ltd. has a 12 month low of $20.31 and a 12 month high of $37.19.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share 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 analyst estimates 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 in the previous year, the firm posted ($0.09) EPS. Equities research analysts forecast that Nayax Ltd. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

NYAX has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Barclays upped 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. Keefe, Bruyette & Woods lifted their price target on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Oppenheimer started coverage on Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, B. Riley began coverage on Nayax in a research note on Tuesday, November 19th. They set a “buy” rating and a $38.00 target price for the company. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.25.

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.