Nayax (NASDAQ:NYAX) Rating Increased to Outperform at William Blair

Nayax (NASDAQ:NYAX) was upgraded by equities research analysts at William Blair from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, Marketbeat.com reports.

Other equities analysts have also issued research reports about the company. B. Riley reissued a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Keefe, Bruyette & Woods lifted 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $34.75.

Nayax Trading Down 1.4 %

Shares of Nayax stock opened at $36.99 on Tuesday. 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 12-month low of $20.31 and a 12-month high of $40.70. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -119.32 and a beta of 0.08. The firm’s 50-day moving average price is $36.95 and its two-hundred day moving average price is $31.36.

Hedge Funds Weigh In On Nayax

A number of institutional investors and hedge funds have recently bought and sold shares of NYAX. Bank of America Corp DE boosted its stake in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares in the last quarter. Barclays PLC raised its holdings in Nayax by 5,526.8% in the 3rd 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 acquired a new stake in Nayax during the 3rd quarter worth approximately $69,000. Citadel Advisors LLC bought a new stake in Nayax during the 4th quarter worth approximately $217,000. Finally, Verdence Capital Advisors LLC acquired a new position in Nayax in the 4th quarter valued at approximately $326,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.