Y.D. More Investments Ltd Decreases Stock Holdings in Nayax Ltd. (NASDAQ:NYAX)

Key Points

• Y.D. More Investments Ltd has reduced its stake in Nayax Ltd. by 7.2%, now holding 1,098,176 shares valued at approximately $37.11 million, making it the 6th largest position in their portfolio.
• Nayax reported earnings per share (EPS) of $0.03, missing estimates of $0.04, and revenues of $81.11 million, below analyst expectations of $85.08 million for the quarter.
• Several institutional investors have increased or established positions in Nayax, with hedge funds and other institutions now owning 34.87% of the company's stock.

Y.D. More Investments Ltd lowered its stake in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 7.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,098,176 shares of the company's stock after selling 85,812 shares during the quarter. Nayax comprises approximately 3.2% of Y.D. More Investments Ltd's holdings, making the stock its 6th largest holding. Y.D. More Investments Ltd owned 3.10% of Nayax worth $37,112,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NYAX. Citadel Advisors LLC bought a new position in Nayax during the 4th quarter worth about $217,000. ARK Investment Management LLC bought a new position in Nayax during the first quarter worth about $1,906,000. Hood River Capital Management LLC grew its holdings in Nayax by 144.6% during the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock worth $412,000 after purchasing an additional 8,346 shares during the period. JPMorgan Chase & Co. bought a new position in Nayax during the fourth quarter worth about $1,581,000. Finally, Jane Street Group LLC bought a new position in Nayax during the fourth quarter worth about $351,000. Institutional investors and hedge funds own 34.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. B. Riley reiterated a "buy" rating and issued a $47.00 price target (up from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. 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 research report on Wednesday, July 9th. Finally, Wall Street Zen downgraded shares of Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Nayax currently has an average rating of "Moderate Buy" and a consensus target price of $41.67.

Nayax Stock Up 5.4%

Shares of NYAX traded up $2.28 on Monday, reaching $44.81. The company's stock had a trading volume of 7,667 shares, compared to its average volume of 11,071. The company has a current ratio of 1.76, a quick ratio of 1.67 and a debt-to-equity ratio of 0.79. Nayax Ltd. has a twelve month low of $21.90 and a twelve month high of $52.46. The stock has a market capitalization of $1.59 billion, a PE ratio of 248.96 and a beta of 0.23. The firm has a fifty day moving average of $45.61 and a 200-day moving average of $40.83.

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 analysts' consensus estimates of $0.04 by ($0.01). Nayax had a return on equity of 0.23% and a net margin of 1.96%. The business had revenue of $81.11 million during the quarter, compared to analyst estimates of $85.08 million. Equities analysts predict that Nayax Ltd. will post -0.16 EPS for the current 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.