Nayax (NASDAQ:NYAX) Trading 6.2% Higher

Nayax Ltd. (NASDAQ:NYAX) shares shot up 6.2% on Tuesday . The company traded as high as $24.36 and last traded at $24.36. 615 shares were traded during trading, a decline of 93% from the average session volume of 8,306 shares. The stock had previously closed at $22.93.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NYAX shares. Barclays began coverage on shares of Nayax in a report on Wednesday, May 22nd. They issued an “equal weight” rating and a $27.00 price objective on the stock. UBS Group assumed coverage on Nayax in a research report on Monday, April 29th. They set a “neutral” rating and a $29.00 price target for the company. Finally, Keefe, Bruyette & Woods assumed coverage on Nayax in a report on Monday, June 17th. They issued a “market perform” rating and a $27.00 price objective on the stock.

Nayax Stock Performance

The firm has a market capitalization of $755.55 million, a price-to-earnings ratio of -50.00 and a beta of 0.03. The firm has a 50 day moving average price of $24.51 and a 200-day moving average price of $24.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.36 and a quick ratio of 1.27.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). The company had revenue of $63.96 million during the quarter, compared to analyst estimates of $70.93 million. Nayax had a negative net margin of 6.20% and a negative return on equity of 13.46%. As a group, sell-side analysts expect that Nayax Ltd. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hood River Capital Management LLC purchased a new stake in shares of Nayax during the 1st quarter worth $102,000. Baillie Gifford & Co. acquired a new position in shares of Nayax during the 1st quarter worth about $1,302,000. Assenagon Asset Management S.A. increased its holdings in shares of Nayax by 152.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock valued at $1,655,000 after acquiring an additional 37,853 shares during the last quarter. Swedbank AB acquired a new stake in shares of Nayax during the 1st quarter worth about $2,620,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Nayax during the 1st quarter worth about $9,170,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.