Nayax (NASDAQ:NYAX) Now Covered by B. Riley

B. Riley began coverage on shares of Nayax (NASDAQ:NYAX) in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $38.00 target price on the stock.

A number of other brokerages have also recently weighed in on NYAX. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods decreased their price objective on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Barclays raised their price objective on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Oppenheimer assumed coverage on Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Nayax presently has a consensus rating of “Hold” and an average price target of $30.00.

Nayax Stock Performance

NASDAQ:NYAX opened at $28.05 on Tuesday. The business’s 50-day moving average price is $26.50 and its two-hundred day moving average price is $24.84. Nayax has a twelve month low of $18.46 and a twelve month high of $30.99. The stock has a market cap of $994.65 million, a P/E ratio of -91.42 and a beta of -0.08. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX) last released its quarterly 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. The firm had revenue of $83.01 million for the quarter, compared to analysts’ expectations of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same quarter last year, the firm posted ($0.09) EPS. As a group, equities analysts predict that Nayax will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Several institutional investors and hedge funds have recently bought and sold shares of NYAX. Hood River Capital Management LLC bought a new position in Nayax during the 1st quarter worth approximately $102,000. Swedbank AB bought a new stake in shares of Nayax in the 1st quarter worth approximately $2,620,000. Baillie Gifford & Co. grew its position in shares of 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 buying an additional 616 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Nayax in the 2nd quarter worth approximately $1,673,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 buying an additional 1,099 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors.

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.