Analysts Set Nayax Ltd. (NASDAQ:NYAX) Target Price at $31.25

Shares of Nayax Ltd. (NASDAQ:NYAX) have received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $31.25.

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

Institutional Trading of Nayax

A number of institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB raised its stake 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 buying an additional 107,559 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of Nayax during the 2nd quarter valued at $14,790,000. Assenagon Asset Management S.A. grew its position in Nayax by 184.1% during 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 during the period. Altshuler Shaham Ltd acquired a new stake in Nayax during the 2nd quarter worth approximately $1,010,000. Finally, Barclays PLC increased its position in shares of 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 acquiring an additional 2,266 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Stock Down 0.6 %

Shares of NASDAQ NYAX opened at $32.97 on Wednesday. Nayax has a 1 year low of $20.31 and a 1 year high of $37.19. 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 has a market capitalization of $1.17 billion, a P/E ratio of -106.35 and a beta of -0.03. The company has a 50 day simple moving average of $28.89 and a 200-day simple moving average of $25.91.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same period in the prior year, the business posted ($0.09) EPS. On average, equities 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.