Brokerages Set Nayax Ltd. (NASDAQ:NYAX) Price Target at $31.25

Nayax Ltd. (NASDAQ:NYAX) has earned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Four 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 target price among brokerages that have updated their coverage on the stock in the last year is $31.25.

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. B. Riley initiated coverage on Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective on the stock.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently made changes to their positions in NYAX. Bank of America Corp DE lifted its stake in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares during the period. Barclays PLC lifted 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 buying an additional 2,266 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Nayax in the third quarter valued at approximately $69,000. Citadel Advisors LLC acquired a new position in Nayax in the fourth quarter valued at approximately $217,000. Finally, Verdence Capital Advisors LLC acquired a new position in Nayax in the fourth quarter valued at approximately $326,000. 34.87% of the stock is owned by institutional investors and hedge funds.

Nayax Stock Performance

NASDAQ:NYAX opened at $36.97 on Thursday. The stock has a market cap of $1.31 billion, a P/E ratio of -119.25 and a beta of 0.02. 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 stock’s 50-day moving average is $35.31 and its 200-day moving average is $29.52. Nayax has a 1-year low of $20.31 and a 1-year high of $40.70.

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.