JPMorgan Chase & Co. Purchases Shares of 54,225 Nayax Ltd. (NASDAQ:NYAX)

JPMorgan Chase & Co. bought a new position in shares of Nayax Ltd. (NASDAQ:NYAX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,225 shares of the company's stock, valued at approximately $1,581,000. JPMorgan Chase & Co. owned 0.15% of Nayax as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd increased its stake in shares of Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock valued at $34,630,000 after purchasing an additional 354,350 shares during the period. Swedbank AB raised its stake in shares of Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company's stock valued at $8,748,000 after purchasing an additional 92,441 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in Nayax in the fourth quarter worth about $326,000. Barclays PLC grew its position in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after buying an additional 2,266 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of Nayax by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock worth $1,517,000 after buying an additional 1,161 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on NYAX shares. B. Riley reiterated a "buy" rating and set a $44.00 price objective (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price target on shares of Nayax from $33.00 to $38.00 and gave the stock a "market perform" rating in a research report on Thursday, March 6th. Finally, William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

Nayax Stock Down 1.1 %

NYAX stock traded down $0.46 during trading hours on Thursday, hitting $40.70. The company's stock had a trading volume of 465 shares, compared to its average volume of 7,672. The stock has a 50 day moving average price of $36.59 and a two-hundred day moving average price of $33.13. Nayax Ltd. has a 12 month low of $20.31 and a 12 month high of $42.12. The company has a market capitalization of $1.44 billion, a PE ratio of -131.29 and a beta of 0.23. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Nayax Company 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.