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

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Four equities research 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 $32.75.

A number of research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday. Keefe, Bruyette & Woods increased their price target on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th.

Institutional Trading of Nayax

A number of large investors have recently made changes to their positions in NYAX. Y.D. More Investments Ltd increased its position in shares of Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after buying an additional 354,350 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Nayax by 184.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after buying an additional 115,262 shares in the last quarter. Swedbank AB increased its position in shares of Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after buying an additional 107,559 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Nayax in the 4th quarter valued at $1,581,000. Finally, Jane Street Group LLC bought a new stake in shares of Nayax in the 4th quarter valued at $351,000. Institutional investors own 34.87% of the company’s stock.

Nayax Stock Performance

NYAX stock opened at $35.42 on Thursday. The business’s fifty day moving average is $35.83 and its 200-day moving average is $29.78. 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 cap of $1.26 billion, a P/E ratio of -114.25 and a beta of 0.02. Nayax has a twelve month low of $20.31 and a twelve month high of $40.70.

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.