Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Recommendation of “Hold” from Analysts

Nayax Ltd. (NASDAQ:NYAX) has been assigned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $34.75.

A number of brokerages have weighed in on NYAX. B. Riley reissued a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods increased their target price on Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, March 6th.

Institutional Trading of Nayax

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares during the period. Barclays PLC lifted its stake in shares of Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax during the 3rd quarter worth about $69,000. Citadel Advisors LLC purchased a new stake in shares of Nayax during the 4th quarter worth about $217,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Nayax during the 4th quarter worth approximately $326,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Stock Performance

Shares of NYAX opened at $33.52 on Monday. Nayax has a 1 year low of $20.31 and a 1 year high of $40.70. The company’s 50 day simple moving average is $36.87 and its 200 day simple moving average is $30.80. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -108.13 and a beta of 0.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

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.