Brokerages Set Nayax Ltd. (NASDAQ:NYAX) Price Target at $34.75

Nayax Ltd. (NASDAQ:NYAX) has been given an average rating of “Hold” by the six analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $34.75.

A number of equities research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, March 6th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NYAX. Bank of America Corp DE boosted its stake in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the last quarter. Barclays PLC lifted its stake in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after buying an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Nayax during the third quarter worth about $69,000. Citadel Advisors LLC purchased a new stake in Nayax during the 4th quarter valued at about $217,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Nayax in the 4th quarter valued at about $326,000. 34.87% of the stock is owned by institutional investors and hedge funds.

Nayax Stock Down 3.1 %

Shares of NYAX opened at $33.95 on Monday. The firm has a market cap of $1.20 billion, a P/E ratio of -109.51 and a beta of 0.08. Nayax has a 12 month low of $20.31 and a 12 month high of $40.70. The stock’s 50 day moving average is $36.86 and its two-hundred day moving average is $31.07. 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 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.