Nayax (NASDAQ:NYAX) Shares Gap Down – Time to Sell?

Nayax Ltd. (NASDAQ:NYAX) shares gapped down before the market opened on Wednesday . The stock had previously closed at $34.68, but opened at $33.62. Nayax shares last traded at $34.79, with a volume of 301 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, March 6th. B. Riley reissued a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.75.

Nayax Trading Up 0.3 %

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 company has a market capitalization of $1.23 billion, a PE ratio of -112.22 and a beta of 0.08. The company has a 50 day simple moving average of $36.90 and a 200 day simple moving average of $30.95.

Institutional Investors Weigh In On Nayax

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new position in Nayax in the 4th quarter worth approximately $217,000. Bank of America Corp DE lifted its position in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares in the last quarter. Jane Street Group LLC acquired a new position in Nayax during the fourth quarter worth $351,000. Hood River Capital Management LLC grew its holdings in 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 buying an additional 8,346 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 worth $828,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.