Nayax (NASDAQ:NYAX) Price Target Raised to $50.00 at Keefe, Bruyette & Woods

Nayax (NASDAQ:NYAX - Get Free Report) had its target price lifted by equities research analysts at Keefe, Bruyette & Woods from $40.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 14.68% from the stock's current price.

NYAX has been the topic of several other reports. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Wall Street Zen downgraded shares of 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Nayax Trading Down 0.3%

NASDAQ:NYAX traded down $0.12 during mid-day trading on Wednesday, hitting $43.60. 18,553 shares of the company's stock were exchanged, compared to its average volume of 10,382. The company has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $38.82. 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 has a fifty-two week low of $20.31 and a fifty-two week high of $52.46. The firm has a market capitalization of $1.55 billion, a P/E ratio of 242.24 and a beta of 0.24.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its 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). Nayax had a return on equity of 0.23% and a net margin of 1.96%. The business had revenue of $81.11 million for the quarter, compared to analyst estimates of $85.08 million. As a group, research analysts expect that Nayax will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Nayax by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after purchasing an additional 650 shares during the period. Bank of America Corp DE increased its stake in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Swiss National Bank increased its stake in shares of Nayax by 17.6% in the 1st quarter. Swiss National Bank now owns 24,871 shares of the company's stock valued at $838,000 after acquiring an additional 3,714 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Nayax in the 4th quarter valued at $217,000. Finally, Hood River Capital Management LLC increased its stake in shares of Nayax by 144.6% in the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after acquiring an additional 8,346 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company's stock.

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.