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

Nayax (NASDAQ:NYAX - Get Free Report) had its price objective lifted by equities research analysts at Keefe, Bruyette & Woods from $40.00 to $50.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target points to a potential upside of 16.04% from the company's current price.

NYAX has been the topic of several other reports. Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 1st. Finally, 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Nayax has an average rating of "Moderate Buy" and an average price target of $41.67.

Nayax Stock Down 1.2%

NYAX traded down $0.51 during trading on Wednesday, hitting $43.09. The company had a trading volume of 7,384 shares, compared to its average volume of 10,402. The company has a market capitalization of $1.53 billion, a PE ratio of 239.40 and a beta of 0.24. Nayax has a one year low of $20.31 and a one year high of $52.46. The firm's 50-day moving average price is $44.52 and its 200 day moving average price is $38.93. The company has a quick ratio of 1.67, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $81.11 million during the quarter, compared to the consensus estimate of $85.08 million. Nayax had a net margin of 1.96% and a return on equity of 0.23%. As a group, equities analysts expect that Nayax will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new stake in shares of Nayax during the 4th quarter worth about $217,000. Hood River Capital Management LLC boosted its holdings in shares of Nayax by 144.6% during the 4th 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 period. JPMorgan Chase & Co. bought a new stake in shares of Nayax during the 4th quarter worth about $1,581,000. Jane Street Group LLC bought a new stake in shares of Nayax during the 4th quarter worth about $351,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after buying an additional 650 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.