Clal Insurance Enterprises Holdings Ltd Raises Holdings in Nayax Ltd. (NASDAQ:NYAX)

Key Points

• Clal Insurance Enterprises Holdings Ltd increased its stake in Nayax Ltd. by 2.5%, acquiring an additional 16,200 shares, bringing its total ownership to 663,061 shares valued at approximately $22.4 million.
• Nayax recently reported earnings of $0.03 per share, missing expectations, with revenue of $81.11 million, falling short of the forecasted $85.08 million.
• Several institutional investors have shown interest in Nayax, with Citadel Advisors and ARK Investment Management among those who acquired new positions, indicating a growing institutional interest in the company.

Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Nayax Ltd. (NASDAQ:NYAX - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 663,061 shares of the company's stock after buying an additional 16,200 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned 1.87% of Nayax worth $22,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ibex Investors LLC boosted its stake in Nayax by 19.3% during the first quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after buying an additional 67,276 shares during the period. ARK Investment Management LLC bought a new stake in shares of Nayax during the first quarter worth $1,906,000. JPMorgan Chase & Co. bought a new stake in shares of Nayax during the fourth quarter worth $1,581,000. Geode Capital Management LLC lifted its position in shares of Nayax by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after purchasing an additional 650 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Nayax during the first quarter worth $935,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NYAX. B. Riley reiterated a "buy" rating and set a $47.00 target price (up from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their target price on Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Jefferies Financial Group restated a "buy" rating on shares of Nayax in a report on Tuesday, May 13th. Finally, UBS Group restated a "neutral" rating and issued a $43.00 price objective (up from $39.00) on shares of Nayax in a report on Thursday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.00.

Nayax Stock Up 0.0%

Shares of NYAX stock traded up $0.01 on Friday, hitting $44.50. The stock had a trading volume of 5,993 shares, compared to its average volume of 10,208. The company has a market cap of $1.58 billion, a PE ratio of 78.06 and a beta of 0.23. The company has a quick ratio of 1.67, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $45.53 and a 200 day moving average price of $41.08. Nayax Ltd. has a one year low of $22.06 and a one year high of $52.46.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. The business had revenue of $95.59 million during the quarter, compared to the consensus estimate of $99.16 million. Nayax had a net margin of 6.06% and a return on equity of 5.32%. Research analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

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.