Nayax (NASDAQ:NYAX) PT Raised to $28.00

Nayax (NASDAQ:NYAX) had its price objective upped by equities researchers at Barclays from $23.00 to $28.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 7.80% from the stock’s previous close.

Several other analysts have also recently issued reports on NYAX. Keefe, Bruyette & Woods cut their price target on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Oppenheimer initiated coverage on shares of Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating for the company.

Nayax Trading Up 1.5 %

NASDAQ NYAX opened at $25.97 on Tuesday. The company’s fifty day simple moving average is $24.55 and its 200-day simple moving average is $24.50. Nayax has a 52 week low of $18.46 and a 52 week high of $30.99. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The stock has a market cap of $853.17 million, a P/E ratio of -56.47 and a beta of 0.03.

Nayax (NASDAQ:NYAX) last posted its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Nayax had a negative return on equity of 11.18% and a negative net margin of 5.34%. The firm had revenue of $78.09 million for the quarter, compared to analyst estimates of $78.10 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. Equities research analysts predict that Nayax will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

A number of large investors have recently made changes to their positions in the business. Y.D. More Investments Ltd acquired a new position in shares of Nayax in the 2nd quarter valued at about $14,790,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Nayax in the first quarter worth approximately $9,170,000. Swedbank AB grew its holdings in Nayax by 107.6% during the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after purchasing an additional 107,559 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Nayax during the second quarter valued at approximately $1,673,000. Finally, Baillie Gifford & Co. grew its holdings in Nayax by 1.2% during the second quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock valued at $1,072,000 after purchasing an additional 616 shares during the last quarter. Institutional investors and hedge funds 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.