Nayax Ltd. (NASDAQ:NYAX) Shares Purchased by Ibex Investors LLC

Key Points

• Ibex Investors LLC increased its stake in Nayax Ltd. by 19.3% during the 1st quarter, making it the fund's 3rd largest position, with holdings worth approximately $14 million.
• Analysts have upgraded Nayax's stock ratings, with William Blair moving it to "outperform" and other firms adjusting price targets upwards, resulting in an average rating of "Moderate Buy".
• Nayax's recent quarterly earnings fell short of expectations, reporting $0.03 earnings per share against an anticipated $0.04, with revenues also lower than consensus estimates.

Ibex Investors LLC grew its position in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 19.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,015 shares of the company's stock after purchasing an additional 67,276 shares during the period. Nayax makes up approximately 18.6% of Ibex Investors LLC's holdings, making the stock its 3rd largest holding. Ibex Investors LLC owned approximately 1.17% of Nayax worth $14,039,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Nayax during the fourth quarter valued at approximately $1,581,000. Geode Capital Management LLC lifted its stake in shares of Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after acquiring an additional 650 shares in the last quarter. Hood River Capital Management LLC grew its stake in Nayax by 144.6% during the 4th 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 in the last quarter. Jane Street Group LLC purchased a new stake in Nayax during the 4th quarter worth approximately $351,000. Finally, Bank of America Corp DE boosted its stake 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 valued at $44,000 after buying an additional 1,353 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company's stock.

Nayax Price Performance

Shares of NYAX traded down $0.90 during mid-day trading on Thursday, hitting $43.66. The company's stock had a trading volume of 7,519 shares, compared to its average volume of 11,082. Nayax Ltd. has a fifty-two week low of $20.31 and a fifty-two week high of $52.46. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 242.54 and a beta of 0.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.67. The firm has a 50-day moving average price of $45.59 and a 200 day moving average price of $40.34.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The firm had revenue of $81.11 million for 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%. On average, research analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.