Citadel Advisors LLC Makes New Investment in Nayax Ltd. (NASDAQ:NYAX)

Citadel Advisors LLC acquired a new position in Nayax Ltd. (NASDAQ:NYAX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,331 shares of the company's stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after buying an additional 650 shares during the period. Baillie Gifford & Co. lifted its position in shares of Nayax by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock worth $1,517,000 after buying an additional 1,161 shares during the period. Bank of America Corp DE lifted its position 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 worth $44,000 after buying an additional 1,353 shares during the period. Hood River Capital Management LLC lifted its position in shares of Nayax by 144.6% during the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock worth $412,000 after buying an additional 8,346 shares during the period. Finally, Verdence Capital Advisors LLC bought a new position in shares of Nayax during the 4th quarter worth approximately $326,000. Institutional investors own 34.87% of the company's stock.

Nayax Stock Performance

NYAX stock opened at $44.78 on Friday. The business's 50-day moving average price is $40.10 and its two-hundred day moving average price is $35.90. 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 firm has a market cap of $1.59 billion, a PE ratio of -144.45 and a beta of 0.18. Nayax Ltd. has a 1-year low of $20.31 and a 1-year high of $46.13.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $81.11 million for the quarter, compared to the consensus estimate of $85.08 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. As a group, research analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on NYAX. B. Riley reaffirmed a "buy" rating and set a $47.00 price target (up from $44.00) on shares of Nayax in a report on Wednesday, May 14th. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Nayax in a report on Tuesday, May 13th. Wall Street Zen downgraded Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Finally, Keefe, Bruyette & Woods boosted their target price on Nayax from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

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.

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