Nayax Ltd. (NASDAQ:NYAX) Receives $27.33 Consensus Target Price from Analysts

Nayax Ltd. (NASDAQ:NYAX) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $30.00.

Several research firms recently issued reports on NYAX. Barclays lifted their price objective on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. B. Riley initiated coverage on shares of Nayax in a research report on Tuesday. They issued a “buy” rating and a $38.00 price objective on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Finally, Oppenheimer initiated coverage on shares of Nayax in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company.

Nayax Stock Up 5.1 %

Shares of NASDAQ NYAX opened at $28.69 on Tuesday. The business has a 50-day simple moving average of $26.63 and a two-hundred day simple moving average of $24.86. Nayax has a 52 week low of $18.46 and a 52 week high of $30.99. The company has a market cap of $1.02 billion, a P/E ratio of -88.00 and a beta of -0.08. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The business had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. Research analysts anticipate that Nayax will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Institutional investors have recently bought and sold shares of the stock. Y.D. More Investments Ltd purchased a new stake in shares of Nayax during the second quarter worth about $14,790,000. Assenagon Asset Management S.A. increased its stake in shares of Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after buying an additional 115,262 shares during the period. Swedbank AB raised its holdings in shares of 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 acquiring an additional 107,559 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Nayax in the second quarter worth $1,673,000. Finally, Altshuler Shaham Ltd bought a new stake in Nayax in the second quarter valued at $1,010,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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.