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

Nayax (NASDAQ:NYAX - Get Free Report) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $40.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 14.71% from the company's current price.

Several other analysts have also weighed in on the stock. 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 lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Finally, B. Riley restated 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

Nayax Stock Performance

NYAX traded down $0.01 during trading on Wednesday, hitting $43.59. The stock had a trading volume of 8,937 shares, compared to its average volume of 10,414. The firm has a market cap of $1.55 billion, a PE ratio of 242.18 and a beta of 0.24. Nayax has a 12 month low of $20.31 and a 12 month high of $52.46. The company has a current ratio of 1.76, a quick ratio of 1.67 and a debt-to-equity ratio of 0.79. The company has a 50 day simple moving average of $44.54 and a 200-day simple moving average of $39.03.

Nayax (NASDAQ:NYAX - Get Free Report) last announced 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). The firm had revenue of $81.11 million during the quarter, compared to the consensus estimate of $85.08 million. Nayax had a return on equity of 0.23% and a net margin of 1.96%. Analysts expect that Nayax will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Nayax

A number of institutional investors and hedge funds have recently modified their holdings of NYAX. Goldman Sachs Group Inc. raised its stake in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after buying an additional 89,886 shares during the last quarter. Ibex Investors LLC raised its stake in shares of Nayax by 19.3% during the first quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after buying an additional 67,276 shares during the last quarter. ARK Investment Management LLC bought a new stake in Nayax in the first quarter valued at approximately $1,906,000. JPMorgan Chase & Co. bought a new stake in Nayax in the fourth quarter valued at approximately $1,581,000. Finally, Nuveen LLC bought a new position in Nayax in the first quarter valued at $935,000. 34.87% of the stock is owned by institutional investors.

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.