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

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat reports. Four 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 12 month price target among analysts that have updated their coverage on the stock in the last year is $31.25.

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

Institutional Trading of Nayax

Hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd purchased a new stake in shares of Nayax in the second quarter valued at approximately $14,790,000. Assenagon Asset Management S.A. grew its holdings in 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 raised its holdings in shares of Nayax by 107.6% during the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after acquiring an additional 107,559 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of Nayax in the second quarter valued at about $1,010,000. Finally, Azora Capital LP increased its position in 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. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Stock Performance

Shares of NASDAQ NYAX opened at $33.92 on Wednesday. The company has a market capitalization of $1.20 billion, a PE ratio of -109.42 and a beta of -0.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The company’s fifty day moving average price is $28.55 and its 200 day moving average price is $25.58. Nayax has a 1 year low of $18.75 and a 1 year high of $34.68.

Nayax (NASDAQ:NYAX) last posted 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 return on equity of 7.32% and a negative net margin of 3.62%. The firm had revenue of $83.01 million for the quarter, compared to analysts’ expectations of $88.40 million. During the same period last year, the firm earned ($0.09) EPS. On average, research analysts predict that Nayax will post -0.16 earnings per share for the current year.

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.