Y.D. More Investments Ltd Has $37.11 Million Stock Position 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 shares of Nayax Ltd. (NASDAQ:NYAX - Free Report) by 7.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,098,176 shares of the company's stock after selling 85,812 shares during the period. Nayax makes up approximately 3.2% of Y.D. More Investments Ltd's holdings, making the stock its 6th biggest position. Y.D. More Investments Ltd owned approximately 3.10% of Nayax worth $37,112,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NYAX. Citadel Advisors LLC purchased a new position in Nayax in the fourth quarter worth about $217,000. ARK Investment Management LLC bought a new position in shares of Nayax in the 1st quarter worth approximately $1,906,000. Hood River Capital Management LLC boosted its holdings in shares of Nayax by 144.6% in the fourth 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 last quarter. JPMorgan Chase & Co. purchased a new position in shares of Nayax in the fourth quarter worth approximately $1,581,000. Finally, Jane Street Group LLC purchased a new stake in Nayax during the fourth quarter valued at approximately $351,000. Hedge funds and other institutional investors own 34.87% of the company's stock.

Nayax Trading Up 0.8%

Shares of Nayax stock opened at $42.55 on Thursday. Nayax Ltd. has a fifty-two week low of $21.63 and a fifty-two week high of $52.46. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.67 and a current ratio of 1.76. The company has a market capitalization of $1.51 billion, a P/E ratio of 236.40 and a beta of 0.23. The company has a fifty day moving average of $45.69 and a 200 day moving average of $40.62.

Nayax (NASDAQ:NYAX - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share (EPS) 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 analysts' expectations of $85.08 million. Nayax had a return on equity of 0.23% and a net margin of 1.96%. On average, sell-side analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NYAX. Keefe, Bruyette & Woods increased their price target on shares of Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. 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, B. Riley restated a "buy" rating and issued a $47.00 price target (up previously from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Nayax presently has an average rating of "Moderate Buy" and a consensus 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.

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