Nayax Ltd. (NASDAQ:NYAX) Receives $31.25 Average PT from Brokerages

Nayax Ltd. (NASDAQ:NYAX) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.25.

NYAX has been the subject of several recent research reports. B. Riley initiated coverage on shares of Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target for the company. Barclays lifted their target price on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th.

Nayax Trading Up 2.5 %

Shares of NYAX stock opened at $39.88 on Friday. The company has a 50-day moving average of $31.16 and a two-hundred day moving average of $27.36. The firm has a market cap of $1.41 billion, a PE ratio of -128.64 and a beta of 0.02. Nayax has a 1-year low of $20.31 and a 1-year high of $39.97. 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 (NASDAQ:NYAX) last posted its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The firm had revenue of $83.01 million during the quarter, compared to the consensus estimate of $88.40 million. During the same quarter last year, the firm earned ($0.09) EPS. On average, analysts predict that Nayax will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Nayax

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted 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 acquiring an additional 2,266 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Nayax in the 3rd quarter valued at $69,000. Baillie Gifford & Co. increased its stake in Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock valued at $1,517,000 after buying an additional 1,161 shares during the period. ARK Investment Management LLC raised its position in Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after buying an additional 1,445 shares during the last quarter. Finally, Azora Capital LP lifted its stake in shares of Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after acquiring an additional 4,724 shares during the period. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.