Nayax (NASDAQ:NYAX) Receives “Buy” Rating from B. Riley

Nayax (NASDAQ:NYAX)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a report released on Wednesday,Benzinga reports. They currently have a $44.00 price target on the stock, up from their prior price target of $42.00. B. Riley’s target price would indicate a potential upside of 25.41% from the company’s previous close.

Separately, Keefe, Bruyette & Woods upped their price target on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Nayax presently has an average rating of “Hold” and a consensus price target of $32.75.

Nayax Price Performance

Shares of NYAX stock traded down $1.50 during trading hours on Wednesday, hitting $35.09. The company had a trading volume of 5,229 shares, compared to its average volume of 7,758. Nayax has a 12 month low of $20.31 and a 12 month high of $40.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The firm’s fifty day moving average is $35.68 and its 200 day moving average is $29.74. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -113.17 and a beta of 0.02.

Hedge Funds Weigh In On Nayax

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares during the last quarter. Barclays PLC grew its stake in shares of Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Nayax in the 3rd quarter worth approximately $69,000. Citadel Advisors LLC acquired a new position in Nayax during the 4th quarter worth $217,000. Finally, Verdence Capital Advisors LLC bought a new position in Nayax in the 4th quarter valued at $326,000. Institutional investors and hedge funds 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.