Barclays Initiates Coverage on Nayax (NASDAQ:NYAX)

Barclays started coverage on shares of Nayax (NASDAQ:NYAXFree Report) in a research report report published on Wednesday morning, Marketbeat.com reports. The firm issued an equal weight rating and a $27.00 price objective on the stock.

Separately, UBS Group began coverage on Nayax in a research note on Monday, April 29th. They set a neutral rating and a $29.00 price target for the company.

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Nayax Stock Up 2.4 %

Shares of NASDAQ:NYAX opened at $25.10 on Wednesday. Nayax has a 1-year low of $17.52 and a 1-year high of $30.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.36 and a quick ratio of 1.27. The stock has a market cap of $824.54 million, a P/E ratio of -54.56 and a beta of 0.10. The firm has a fifty day moving average price of $26.30 and a 200 day moving average price of $23.77.

Nayax (NASDAQ:NYAXGet Free Report) last announced its earnings results on Wednesday, February 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $66.60 million for the quarter, compared to analyst estimates of $67.50 million. Nayax had a negative return on equity of 13.46% and a negative net margin of 6.20%. Sell-side analysts predict that Nayax will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Nayax

A number of hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in Nayax during the 3rd quarter worth approximately $575,000. Ibex Investors LLC grew its holdings in Nayax by 0.5% during the third quarter. Ibex Investors LLC now owns 303,640 shares of the company’s stock worth $7,031,000 after acquiring an additional 1,500 shares during the period. Swedbank AB purchased a new position in Nayax in the first quarter worth $2,620,000. Hood River Capital Management LLC acquired a new stake in Nayax in the first quarter valued at $102,000. Finally, Baillie Gifford & Co. purchased a new stake in shares of Nayax during the 1st quarter worth $1,302,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

About Nayax

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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.

Further Reading

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