Nayax (NASDAQ:NYAX) Shares Gap Down to $23.51

Nayax Ltd. (NASDAQ:NYAX) shares gapped down before the market opened on Monday . The stock had previously closed at $23.51, but opened at $22.88. Nayax shares last traded at $22.88, with a volume of 1,396 shares changing hands.

Analysts Set New Price Targets

NYAX has been the topic of a number of recent analyst reports. UBS Group began coverage on Nayax in a research note on Monday, April 29th. They issued a “neutral” rating and a $29.00 target price on the stock. Keefe, Bruyette & Woods began coverage on shares of Nayax in a report on Monday. They issued a “market perform” rating and a $27.00 price target on the stock. Finally, Barclays started coverage on shares of Nayax in a report on Wednesday, May 22nd. They set an “equal weight” rating and a $27.00 price objective for the company.

Nayax Stock Performance

The firm has a 50 day moving average of $25.73 and a 200-day moving average of $24.31. The company has a market cap of $742.74 million, a P/E ratio of -49.15 and a beta of 0.09. The company has a quick ratio of 1.27, a current ratio of 1.36 and a debt-to-equity ratio of 0.22.

Nayax (NASDAQ:NYAX) last issued its earnings results on Wednesday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.13). The firm had revenue of $63.96 million during the quarter, compared to analysts’ expectations of $70.93 million. Nayax had a negative return on equity of 13.46% and a negative net margin of 6.20%. As a group, sell-side analysts anticipate that Nayax Ltd. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several large investors have recently modified their holdings of NYAX. Hood River Capital Management LLC bought a new position in Nayax in the first quarter worth approximately $102,000. Baillie Gifford & Co. bought a new stake in Nayax during the first quarter valued at about $1,302,000. Assenagon Asset Management S.A. boosted its position in Nayax by 152.9% during the first quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock valued at $1,655,000 after purchasing an additional 37,853 shares in the last quarter. Swedbank AB purchased a new position in Nayax in the first quarter valued at about $2,620,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Nayax in the first quarter worth about $9,170,000. 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.