Nayax Ltd. (NASDAQ:NYAX) Receives Average Rating of “Hold” from Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX) have received an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $34.75.

Several analysts have weighed in on NYAX shares. B. Riley reiterated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods upped their target price on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, March 6th.

Institutional Trading of Nayax

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares during the period. Barclays PLC increased its holdings in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Nayax in the 3rd quarter valued at $69,000. Citadel Advisors LLC purchased a new stake in Nayax during the fourth quarter worth $217,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Nayax during the fourth quarter valued at $326,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Price Performance

Shares of NYAX opened at $33.95 on Monday. The firm has a market capitalization of $1.20 billion, a PE ratio of -109.51 and a beta of 0.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The company’s fifty day moving average price is $36.86 and its 200-day moving average price is $31.07. Nayax has a 1-year low of $20.31 and a 1-year high of $40.70.

About Nayax

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.