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

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com 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 twelve-month target price among analysts that have updated their coverage on the stock in the last year is $31.25.

Several brokerages have issued reports on NYAX. Barclays lifted their target price on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. B. Riley started coverage on Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Finally, Oppenheimer assumed coverage on Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock.

Institutional Investors Weigh In On Nayax

Several institutional investors have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new position in shares of Nayax during the second quarter valued at approximately $14,790,000. Swedbank AB boosted its holdings in Nayax by 107.6% in 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 in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Nayax by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after acquiring an additional 115,262 shares in the last quarter. Azora Capital LP increased its position in Nayax by 4.9% during the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after purchasing an additional 4,724 shares during the period. Finally, ARK Investment Management LLC raised its holdings in Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after purchasing an additional 1,445 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Stock Down 0.5 %

Shares of NASDAQ:NYAX opened at $27.79 on Friday. The company has a market cap of $985.43 million, a price-to-earnings ratio of -89.64 and a beta of -0.07. Nayax has a one year low of $18.75 and a one year high of $30.99. The firm has a fifty day moving average price of $27.89 and a two-hundred day moving average price of $25.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. During the same quarter last year, the company earned ($0.09) earnings per share. Analysts anticipate that Nayax will post -0.16 EPS for the current fiscal 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.