Analysts Set Nayax Ltd. (NASDAQ:NYAX) PT at $34.75

Shares of Nayax Ltd. (NASDAQ:NYAX) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $34.75.

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, March 6th. B. Riley restated a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of Nayax in a research note on Wednesday, March 5th.

Institutional Trading of Nayax

Several hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd increased its position in Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after acquiring an additional 354,350 shares during the last quarter. Swedbank AB grew its holdings in 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 purchasing an additional 107,559 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Nayax in the 4th quarter worth about $1,581,000. Jane Street Group LLC bought a new stake in Nayax in the fourth quarter worth about $351,000. Finally, Verdence Capital Advisors LLC bought a new stake in Nayax in the fourth quarter worth about $326,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Stock Performance

Nayax stock opened at $34.79 on Monday. Nayax has a fifty-two week low of $20.31 and a fifty-two week high of $40.70. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -112.22 and a beta of 0.08. The stock’s 50 day simple moving average is $36.91 and its two-hundred day simple moving average is $30.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

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.