Brokerages Set Nayax Ltd. (NASDAQ:NYAX) Price Target at $31.25

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $31.25.

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

Nayax Stock Performance

Shares of NYAX opened at $39.88 on Friday. 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 has a 52-week low of $20.31 and a 52-week high of $39.97. The company has a 50-day simple moving average of $31.16 and a 200-day simple moving average of $27.36. The company has a market capitalization of $1.41 billion, a PE ratio of -128.64 and a beta of 0.02.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $83.01 million during the quarter, compared to analysts’ expectations of $88.40 million. During the same period last year, the company posted ($0.09) earnings per share. Equities research analysts predict that Nayax will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NYAX. Barclays PLC raised its position in shares of 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 buying an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Nayax in the 3rd quarter worth approximately $69,000. Baillie Gifford & Co. raised its holdings 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 acquiring an additional 1,161 shares during the last quarter. ARK Investment Management LLC lifted its stake in shares of 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 purchasing an additional 1,445 shares during the period. Finally, Azora Capital LP boosted its holdings in shares of Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after purchasing an additional 4,724 shares during the last quarter. 34.87% of the stock is currently 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.