Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Rating of “Hold” from Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $32.75.

A number of research firms have issued reports on NYAX. 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 report on Monday, December 9th. B. Riley reiterated a “buy” rating and set a $44.00 target price (up previously from $42.00) on shares of Nayax in a report on Wednesday.

Hedge Funds Weigh In On Nayax

Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in shares of Nayax in the 4th quarter valued at about $217,000. Bank of America Corp DE grew its holdings in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Nayax in the 4th quarter valued at about $351,000. Hood River Capital Management LLC grew its holdings in shares of Nayax by 144.6% in the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company’s stock valued at $412,000 after acquiring an additional 8,346 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Nayax by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock valued at $828,000 after acquiring an additional 650 shares in the last quarter. Institutional investors own 34.87% of the company’s stock.

Nayax Price Performance

NYAX stock opened at $35.42 on Thursday. The stock has a 50-day moving average price of $35.83 and a two-hundred day moving average price of $29.78. The stock has a market cap of $1.26 billion, a PE ratio of -114.25 and a beta of 0.02. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. Nayax has a 1 year low of $20.31 and a 1 year high of $40.70.

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.