Nayax Ltd. (NASDAQ:NYAX) Receives $31.25 Average PT from Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAXGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $31.25.

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

Get Our Latest Research Report on Nayax

Institutional Investors Weigh In On Nayax

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after buying an additional 1,099 shares during the period. Y.D. More Investments Ltd bought a new position in Nayax in the second quarter valued at about $14,790,000. Altshuler Shaham Ltd purchased a new position in Nayax in the second quarter worth about $1,010,000. Hood River Capital Management LLC grew its stake in shares of Nayax by 35.8% during the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after purchasing an additional 1,401 shares during the period. Finally, Swedbank AB grew its stake in shares of Nayax by 107.6% during the 3rd 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 period. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Price Performance

Shares of NASDAQ NYAX opened at $33.81 on Wednesday. The company has a 50 day simple moving average of $29.11 and a two-hundred day simple moving average of $26.08. Nayax has a fifty-two week low of $20.31 and a fifty-two week high of $37.19. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -109.06 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 (NASDAQ:NYAXGet Free Report) last posted 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. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The company had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. During the same quarter last year, the company earned ($0.09) EPS. Analysts expect that Nayax will post -0.16 EPS for the current fiscal year.

About Nayax

(Get Free Report

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.

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Analyst Recommendations for Nayax (NASDAQ:NYAX)

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