Nayax Ltd. (NASDAQ:NYAX) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in Nayax Ltd. (NASDAQ:NYAX) by 5,526.8% in the third quarter, Holdings Channel.com reports. The firm owned 2,307 shares of the company’s stock after acquiring an additional 2,266 shares during the quarter. Barclays PLC’s holdings in Nayax were worth $58,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NYAX. Public Employees Retirement System of Ohio purchased a new position in Nayax in the third quarter worth approximately $69,000. Hood River Capital Management LLC raised its holdings in shares of Nayax by 35.8% in the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after buying an additional 1,401 shares during the period. Altshuler Shaham Ltd acquired a new position in Nayax during the 2nd quarter worth about $1,010,000. ARK Investment Management LLC boosted its stake in shares of Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,445 shares during the period. Finally, Azora Capital LP grew its holdings in shares of Nayax by 4.9% in the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after purchasing an additional 4,724 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Stock Down 2.2 %

Nayax stock opened at $33.17 on Friday. The company has a market capitalization of $1.18 billion, a P/E ratio of -107.00 and a beta of -0.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. Nayax Ltd. has a fifty-two week low of $19.00 and a fifty-two week high of $34.68. The stock has a 50-day simple moving average of $28.82 and a 200-day simple moving average of $25.77.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $83.01 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned ($0.09) earnings per share. Equities research analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.