Nayax (NASDAQ:NYAX) Rating Increased to Outperform at William Blair

William Blair upgraded shares of Nayax (NASDAQ:NYAX) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat reports.

Several other research firms also recently weighed in on NYAX. B. Riley reaffirmed a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nayax has a consensus rating of “Hold” and an average target price of $34.75.

Nayax Trading Up 10.8 %

Shares of NASDAQ NYAX opened at $37.50 on Tuesday. 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 has a market capitalization of $1.33 billion, a PE ratio of -120.96 and a beta of 0.08. Nayax has a twelve month low of $20.31 and a twelve month high of $40.70. The stock has a fifty day simple moving average of $36.89 and a 200-day simple moving average of $31.32.

Hedge Funds Weigh In On Nayax

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares during the period. Barclays PLC increased its position in shares of Nayax by 5,526.8% in the 3rd 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 last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax in the 3rd quarter valued at approximately $69,000. Citadel Advisors LLC acquired a new stake in shares of Nayax in the 4th quarter valued at $217,000. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Nayax during the 4th quarter worth $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.