Public Employees Retirement System of Ohio Purchases New Stake in Nayax Ltd. (NASDAQ:NYAX)

Public Employees Retirement System of Ohio purchased a new position in Nayax Ltd. (NASDAQ:NYAX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,629 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds have also recently modified their holdings of the company. Hood River Capital Management LLC grew its stake in shares of Nayax by 35.8% in the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after purchasing an additional 1,401 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after buying an additional 1,099 shares during the last quarter. Ingalls & Snyder LLC purchased a new position in shares of Nayax during the second quarter valued at approximately $229,000. Altshuler Shaham Ltd bought a new position in shares of Nayax during the second quarter valued at approximately $1,010,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Nayax in the second quarter worth $1,673,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Wall Street Analyst Weigh In

NYAX has been the subject of several research reports. Keefe, Bruyette & Woods upped their price objective on shares of Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Barclays upped their target price on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Oppenheimer started coverage on Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, B. Riley began coverage on Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price target on the stock. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Nayax Price Performance

NYAX stock opened at $27.20 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The firm has a 50 day moving average price of $27.96 and a 200-day moving average price of $25.13. Nayax Ltd. has a 52-week low of $18.75 and a 52-week high of $30.99. The firm has a market capitalization of $964.43 million, a price-to-earnings ratio of -87.74 and a beta of -0.07.

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

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.