Nayax (NASDAQ:NYAX) Trading Up 7.4% After Analyst Upgrade

Nayax Ltd. (NASDAQ:NYAX)’s share price traded up 7.4% during mid-day trading on Thursday after Keefe, Bruyette & Woods raised their price target on the stock from $33.00 to $38.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Nayax traded as high as $36.36 and last traded at $38.03. 13,490 shares changed hands during trading, an increase of 69% from the average session volume of 7,992 shares. The stock had previously closed at $35.42.

Separately, B. Riley reissued a “buy” rating and issued a $44.00 target price (up previously from $42.00) on shares of Nayax in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.75.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. ARK Investment Management LLC raised its holdings in shares of Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after purchasing an additional 1,445 shares during the period. Swedbank AB lifted 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 valued at $5,233,000 after acquiring an additional 107,559 shares in the last quarter. Azora Capital LP boosted its position in Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after purchasing an additional 4,724 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the 3rd quarter valued at $69,000. Finally, Barclays PLC raised its position 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 purchasing an additional 2,266 shares during the period. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Stock Down 2.2 %

The firm has a market capitalization of $1.23 billion, a PE ratio of -111.77 and a beta of 0.02. 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 firm’s 50 day moving average price is $35.96 and its two-hundred day moving average price is $29.81.

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.