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

Nayax Ltd. (NASDAQ:NYAX) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $31.25.

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their target price on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday, December 9th. B. Riley initiated coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price on the stock. Barclays upped their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th.

Nayax Stock Down 0.1 %

Shares of NYAX opened at $38.78 on Friday. Nayax has a 1 year low of $20.31 and a 1 year high of $38.80. 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 stock has a 50 day simple moving average of $30.96 and a two-hundred day simple moving average of $27.23. The firm has a market cap of $1.38 billion, a P/E ratio of -125.09 and a beta of -0.03.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same quarter last year, the firm earned ($0.09) EPS. On average, analysts forecast that Nayax will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. raised its stake in Nayax by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after buying an additional 1,161 shares in the last quarter. ARK Investment Management LLC raised its position in shares of 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 acquiring an additional 1,445 shares in the last quarter. Barclays PLC lifted its stake in shares of Nayax by 5,526.8% in the 3rd 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 period. Public Employees Retirement System of Ohio bought a new stake in shares of Nayax during the third quarter valued at approximately $69,000. Finally, Azora Capital LP grew its stake in Nayax by 4.9% in the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after purchasing an additional 4,724 shares during the period. 34.87% of the stock is owned by hedge funds and other institutional investors.

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.