Nayax Ltd. (NASDAQ:NYAX) Receives $27.33 Average PT from Brokerages

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

Several equities research analysts have recently weighed in on NYAX shares. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. B. Riley started coverage on shares of Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target for the company. Barclays lifted their target price on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods decreased their price target on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Finally, Oppenheimer assumed coverage on Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock.

Nayax Stock Performance

NASDAQ NYAX opened at $28.69 on Tuesday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -92.55 and a beta of -0.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. Nayax has a one year low of $18.46 and a one year high of $30.99. The company’s 50 day moving average price is $26.78 and its 200 day moving average price is $24.88.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, November 12th. The company reported $0.02 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 business had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter last year, the firm posted ($0.09) EPS. On average, sell-side analysts predict that Nayax will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its holdings in Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Nayax during the 3rd quarter worth about $69,000. Azora Capital LP lifted its stake in shares of Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after acquiring an additional 4,724 shares during the period. Swedbank AB increased its stake in shares of Nayax by 107.6% during the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after acquiring an additional 107,559 shares during the period. Finally, ARK Investment Management LLC increased its stake in shares of Nayax by 1.7% during the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after acquiring an additional 1,445 shares during the period. Institutional investors own 34.87% of the company’s stock.

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.