Nayax Ltd. (NASDAQ:NYAX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $31.25.

Several equities analysts have weighed in on the stock. B. Riley initiated coverage on shares of Nayax in a report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price target on the stock. Oppenheimer assumed coverage on shares of Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Jefferies Financial Group upgraded Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Barclays boosted their price objective 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, Keefe, Bruyette & Woods increased 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NYAX. Barclays PLC lifted 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 buying an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Nayax in the 3rd quarter worth approximately $69,000. Hood River Capital Management LLC raised its holdings in shares of Nayax by 35.8% during the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after acquiring an additional 1,401 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Nayax in the second quarter valued at $1,010,000. Institutional investors own 34.87% of the company’s stock.

Nayax Trading Up 0.1 %

NASDAQ:NYAX opened at $33.81 on Wednesday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -109.06 and a beta of -0.03. 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 business has a fifty day moving average price of $29.11 and a 200-day moving average price of $26.08. Nayax has a one year low of $20.31 and a one year high of $37.19.

Nayax (NASDAQ:NYAX) last posted 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. The firm had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same quarter last year, the company earned ($0.09) earnings per share. Sell-side analysts forecast that Nayax will post -0.16 EPS for the current year.

About Nayax

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.