Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Nayax (NASDAQ:NYAX) Stock

Nayax (NASDAQ:NYAX - Get Free Report) had its price objective raised by Keefe, Bruyette & Woods from $40.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 14.36% from the company's previous close.

Other equities analysts have also recently issued reports about the company. B. Riley restated a "buy" rating and set a $47.00 price objective (up from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Jefferies Financial Group restated a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. William Blair upgraded Nayax from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen cut Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Three research 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.67.

Nayax Stock Down 1.1%

Shares of NYAX stock traded down $0.50 during mid-day trading on Wednesday, reaching $43.72. 34,028 shares of the company were exchanged, compared to its average volume of 10,349. Nayax has a fifty-two week low of $20.31 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 $1.55 billion, a P/E ratio of 242.90 and a beta of 0.24. The business's 50 day simple moving average is $44.46 and its 200 day simple moving average is $38.82.

Nayax (NASDAQ:NYAX - Get Free Report) last released its quarterly 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 company had revenue of $81.11 million for the quarter, compared to analyst estimates of $85.08 million. Research analysts predict that Nayax will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $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 fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after purchasing an additional 1,353 shares during the period. Swiss National Bank increased its stake in shares of Nayax by 17.6% in the first quarter. Swiss National Bank now owns 24,871 shares of the company's stock valued at $838,000 after purchasing an additional 3,714 shares during the period. Citadel Advisors LLC bought a new stake in shares of Nayax during the fourth quarter valued at about $217,000. Finally, Hood River Capital Management LLC raised its stake in shares of Nayax by 144.6% during the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after purchasing 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.