Nayax (NASDAQ:NYAX) Shares Up 7.4% on Analyst Upgrade

Nayax Ltd. (NASDAQ:NYAX) shot up 7.4% on Thursday after Keefe, Bruyette & Woods raised their price target on the stock from $33.00 to $38.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Nayax traded as high as $36.36 and last traded at $38.03. 13,490 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 7,992 shares. The stock had previously closed at $35.42.

Separately, B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Nayax in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.75.

Institutional Trading of Nayax

Several institutional investors and hedge funds have recently modified their holdings of NYAX. Y.D. More Investments Ltd lifted its position in shares of Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after buying an additional 354,350 shares during the last quarter. Swedbank AB lifted its position in shares of Nayax by 107.6% during the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after buying an additional 107,559 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Nayax during the 4th quarter worth $1,581,000. Jane Street Group LLC bought a new stake in shares of Nayax during the 4th quarter worth $351,000. Finally, Verdence Capital Advisors LLC bought a new position in Nayax in the fourth quarter valued at about $326,000. 34.87% of the stock is currently owned by institutional investors.

Nayax Stock Up 3.4 %

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 stock has a market capitalization of $1.27 billion, a P/E ratio of -115.58 and a beta of 0.02. The firm has a 50-day simple moving average of $36.12 and a 200 day simple moving average of $29.89.

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.