Nayax Ltd. (NASDAQ:NYAX) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd reduced its position in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 79.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,947 shares of the company's stock after selling 31,427 shares during the quarter. Altshuler Shaham Ltd's holdings in Nayax were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its position in shares of Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock worth $34,630,000 after acquiring an additional 354,350 shares in the last quarter. Swedbank AB grew its position in shares of Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company's stock worth $8,748,000 after buying an additional 92,441 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Nayax during the fourth quarter valued at approximately $1,581,000. Baillie Gifford & Co. boosted its holdings in Nayax by 2.3% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC increased its position in Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after purchasing an additional 650 shares during the period. Institutional investors own 34.87% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley restated a "buy" rating and issued a $44.00 price objective (up from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price objective on shares of Nayax from $33.00 to $38.00 and gave the company a "market perform" rating in a report on Thursday, March 6th. Finally, William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.75.

Nayax Trading Up 7.7 %

Shares of NASDAQ NYAX traded up $2.89 during mid-day trading on Tuesday, reaching $40.21. The company had a trading volume of 4,930 shares, compared to its average volume of 7,703. 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 stock has a market cap of $1.43 billion, a price-to-earnings ratio of -129.69 and a beta of 0.23. The business's 50-day moving average is $36.42 and its 200-day moving average is $32.47. Nayax Ltd. has a 52 week low of $20.31 and a 52 week high of $40.70.

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.