Nayax Ltd. (NASDAQ:NYAX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $31.25.

NYAX has been the topic of a number of research analyst reports. Barclays boosted their target price on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research 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. Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Oppenheimer assumed coverage on shares of Nayax in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, B. Riley assumed 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.

Nayax Price Performance

NASDAQ:NYAX opened at $33.92 on Wednesday. The stock’s fifty day moving average is $28.55 and its two-hundred day moving average is $25.58. 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 company has a market capitalization of $1.20 billion, a P/E ratio of -109.42 and a beta of -0.03. Nayax has a 52 week low of $18.75 and a 52 week high of $34.68.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same quarter last year, the firm posted ($0.09) earnings per share. Equities analysts expect that Nayax will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Nayax

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nayax by 16.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after buying an additional 1,099 shares during the last quarter. Hood River Capital Management LLC lifted its stake in Nayax by 35.8% during the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after purchasing an additional 1,401 shares during the last quarter. ARK Investment Management LLC boosted its holdings in Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,445 shares in the last quarter. Barclays PLC increased its stake in Nayax by 5,526.8% in the third 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. Finally, Public Employees Retirement System of Ohio acquired a new stake in Nayax during the third quarter worth approximately $69,000. 34.87% of the stock is owned by hedge funds and other 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.