Brokerages Set Nayax Ltd. (NASDAQ:NYAX) Target Price at $31.25

Nayax Ltd. (NASDAQ:NYAX) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $31.25.

NYAX has been the subject of several analyst reports. Barclays increased their price objective on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. B. Riley initiated coverage on Nayax in a research report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Oppenheimer began coverage on shares of Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th.

Nayax Trading Down 0.5 %

NYAX opened at $27.79 on Friday. The company has a market cap of $985.43 million, a P/E ratio of -89.64 and a beta of -0.07. The company has a fifty day moving average price of $27.89 and a two-hundred day moving average price of $25.09. 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 has a 1-year low of $18.75 and a 1-year high of $30.99.

Nayax (NASDAQ:NYAX) last issued 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. The company had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same period in the prior year, the firm earned ($0.09) earnings per share. Analysts predict that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Swedbank AB grew its stake in Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after buying an additional 107,559 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Nayax during the 2nd quarter valued at $14,790,000. Allspring Global Investments Holdings LLC purchased a new stake in Nayax during the 2nd quarter worth about $1,673,000. Baillie Gifford & Co. boosted its stake in Nayax by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after purchasing an additional 616 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Nayax by 184.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after purchasing an additional 115,262 shares during the period. 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.