Nayax (NASDAQ:NYAX) Hits New 1-Year High – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $37.31 and last traded at $37.03, with a volume of 2023 shares traded. The stock had previously closed at $36.45.

Analysts Set New Price Targets

NYAX has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target 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. Oppenheimer started coverage on shares of Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Barclays lifted their target price 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, B. Riley started coverage on Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price target on the stock. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

Nayax Trading Up 1.1 %

The company has a market capitalization of $1.31 billion, a PE ratio of -119.27 and a beta of -0.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The company’s fifty day moving average is $30.36 and its 200-day moving average is $26.94.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $83.01 million for the quarter, compared to the consensus estimate 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 period last year, the business posted ($0.09) EPS. On average, analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Trading of Nayax

A number of institutional investors have recently modified their holdings of NYAX. Y.D. More Investments Ltd lifted its position in Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after acquiring an additional 354,350 shares during the last quarter. Swedbank AB increased its position in shares of Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after purchasing an additional 92,441 shares in the last quarter. Barclays PLC lifted its holdings in shares of Nayax by 5,526.8% during 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 during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax during the 3rd quarter valued at $69,000. Finally, Azora Capital LP boosted its position in shares of Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after purchasing an additional 4,724 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors.

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.