Nayax (NASDAQ:NYAX) Given New $38.00 Price Target at Keefe, Bruyette & Woods

Nayax (NASDAQ:NYAX) had its target price increased by investment analysts at Keefe, Bruyette & Woods from $33.00 to $38.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 7.28% from the company’s previous close.

Separately, B. Riley reissued a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of Nayax in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nayax presently has an average rating of “Hold” and a consensus target price of $34.75.

Nayax Stock Performance

NASDAQ NYAX opened at $35.42 on Thursday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -114.25 and a beta of 0.02. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $35.83 and its two-hundred day moving average is $29.78. Nayax has a 12-month low of $20.31 and a 12-month high of $40.70.

Institutional Investors Weigh In On Nayax

Hedge funds have recently modified their holdings of the business. ARK Investment Management LLC grew its position in Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after purchasing an additional 1,445 shares during the last quarter. Swedbank AB grew its position in Nayax by 107.6% during the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after buying an additional 107,559 shares in the last quarter. Azora Capital LP increased its stake in Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after acquiring an additional 4,724 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Nayax in the 3rd quarter valued at approximately $69,000. Finally, Barclays PLC lifted its position in shares of Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after acquiring an additional 2,266 shares during the period. 34.87% of the stock is 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.