Clal Insurance Enterprises Holdings Ltd Boosts Position 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 lifted its position in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 663,061 shares of the company's stock after purchasing an additional 16,200 shares during the period. Clal Insurance Enterprises Holdings Ltd owned about 1.87% of Nayax worth $22,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NYAX. Citadel Advisors LLC purchased a new position in Nayax during the fourth quarter valued at $217,000. ARK Investment Management LLC bought a new position in Nayax during the first quarter valued at $1,906,000. Hood River Capital Management LLC lifted its position in Nayax by 144.6% during the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after purchasing an additional 8,346 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Nayax during the fourth quarter valued at $1,581,000. Finally, Jane Street Group LLC bought a new position in Nayax during the fourth quarter valued at $351,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. B. Riley reiterated a "buy" rating and set a $47.00 price objective (up previously from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Nayax in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Nayax Trading Down 1.6%

Shares of Nayax stock traded down $0.72 during trading on Wednesday, hitting $43.13. The stock had a trading volume of 34,951 shares, compared to its average volume of 7,971. The firm's fifty day simple moving average is $45.53 and its 200-day simple moving average is $40.94. The stock has a market cap of $1.53 billion, a PE ratio of 239.62 and a beta of 0.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.67. Nayax Ltd. has a 12 month low of $22.06 and a 12 month high of $52.46.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $81.11 million during the quarter, compared to analysts' expectations of $85.08 million. Nayax had a return on equity of 0.23% and a net margin of 1.96%. As a group, sell-side analysts expect that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Nayax 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.