Nayax (NASDAQ:NYAX) Shares Up 4% – Still a Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX) were up 4% during mid-day trading on Thursday . The stock traded as high as $34.76 and last traded at $34.96. Approximately 993 shares changed hands during trading, a decline of 87% from the average daily volume of 7,844 shares. The stock had previously closed at $33.62.

Analysts Set New Price Targets

Several research firms recently commented on NYAX. B. Riley reiterated a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their price target on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.75.

Nayax Stock Up 2.9 %

The stock has a fifty day moving average of $36.91 and a two-hundred day moving average of $30.98. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -111.61 and a beta of 0.08.

Institutional Trading of Nayax

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock valued at $828,000 after buying an additional 650 shares during the period. Baillie Gifford & Co. raised its stake in shares of Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock valued at $1,517,000 after acquiring an additional 1,161 shares during the period. Bank of America Corp DE lifted its holdings in shares of Nayax by 920.4% during the 4th 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 in the last quarter. Barclays PLC boosted its position in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Nayax in the 3rd quarter valued at $69,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.