Nayax (NASDAQ:NYAX) Trading Down 6.1% – Should You Sell?

Nayax Ltd. (NASDAQ:NYAX) was down 6.1% on Monday . The stock traded as low as $32.38 and last traded at $32.30. Approximately 5,639 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 7,888 shares. The stock had previously closed at $34.40.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. William Blair raised Nayax from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods upped their price objective on Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, March 6th. Finally, B. Riley reissued a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.75.

Nayax Trading Down 4.5 %

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 50-day simple moving average of $37.02 and a two-hundred day simple moving average of $31.53. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -106.00 and a beta of 0.23.

Institutional Investors Weigh In On Nayax

A number of large investors have recently added to or reduced their stakes in NYAX. Public Employees Retirement System of Ohio acquired a new position in shares of Nayax in the third quarter valued at $69,000. Barclays PLC boosted its holdings in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after buying an additional 2,266 shares during the period. Swedbank AB grew its stake in Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after buying an additional 92,441 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after acquiring an additional 354,350 shares during the period. Finally, Baillie Gifford & Co. lifted its position in Nayax by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after acquiring an additional 1,161 shares during the last quarter. Institutional investors 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.