Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Nayax Ltd. (NASDAQ:NYAX) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.00.

A number of research firms recently commented on NYAX. Oppenheimer began coverage on Nayax in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered their price target on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. B. Riley began coverage on Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Barclays increased their price target on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th.

Institutional Investors Weigh In On Nayax

Large investors have recently made changes to their positions in the business. Baillie Gifford & Co. increased its holdings in Nayax by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after acquiring an additional 616 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after acquiring an additional 1,099 shares during the last quarter. Hood River Capital Management LLC increased its holdings in Nayax by 35.8% in the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after acquiring an additional 1,401 shares during the last quarter. ARK Investment Management LLC increased its holdings in 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 acquiring an additional 1,445 shares during the last quarter. Finally, Barclays PLC increased its holdings in Nayax by 5,526.8% in 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 last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Price Performance

Shares of NYAX opened at $29.26 on Tuesday. Nayax has a 12-month low of $18.46 and a 12-month high of $30.99. The business’s fifty day moving average is $26.84 and its 200 day moving average is $24.82. 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 stock has a market cap of $1.04 billion, a P/E ratio of -94.38 and a beta of -0.08.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The company had revenue of $83.01 million for the quarter, compared to analysts’ expectations of $88.40 million. During the same period last year, the business earned ($0.09) EPS. Sell-side analysts anticipate that Nayax will post -0.16 earnings per share for the current fiscal year.

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.