Nayax (NASDAQ:NYAX) Price Target Raised to $38.00

Nayax (NASDAQ:NYAX) had its target price increased by Keefe, Bruyette & Woods from $33.00 to $38.00 in a report published on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

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

Nayax Trading Up 3.4 %

Shares of NYAX stock opened at $35.83 on Thursday. The firm’s 50-day simple moving average is $36.12 and its 200-day simple moving average is $29.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. Nayax has a 1-year low of $20.31 and a 1-year high of $40.70. The firm has a market cap of $1.27 billion, a P/E ratio of -115.58 and a beta of 0.08.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares in the last quarter. Barclays PLC boosted its position in Nayax by 5,526.8% during the 3rd 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. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the 3rd quarter valued at $69,000. Citadel Advisors LLC purchased a new position in Nayax in the fourth quarter valued at about $217,000. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Nayax during the fourth quarter worth about $326,000. 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.