Nayax (NASDAQ:NYAX) Shares Gap Down to $30.02

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $30.02, but opened at $27.77. Nayax shares last traded at $27.11, with a volume of 16,083 shares changing hands.

Analysts Set New Price Targets

Separately, UBS Group began coverage on shares of Nayax in a research note on Monday, April 29th. They issued a "neutral" rating and a $29.00 target price for the company.

Nayax Trading Down 6.9 %

The firm's 50-day simple moving average is $26.49 and its 200 day simple moving average is $23.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.00.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $66.60 million for the quarter, compared to analyst estimates of $67.50 million. Nayax had a negative net margin of 6.75% and a negative return on equity of 15.96%. As a group, equities analysts forecast that Nayax Ltd. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in shares of Nayax in the 3rd quarter valued at about $575,000. Ibex Investors LLC grew its holdings in Nayax by 0.5% during the third quarter. Ibex Investors LLC now owns 303,640 shares of the company's stock worth $7,031,000 after purchasing an additional 1,500 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Nayax during the first quarter worth approximately $9,170,000. Baillie Gifford & Co. acquired a new stake in shares of Nayax in the first quarter valued at approximately $1,302,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of Nayax in the first quarter valued at approximately $102,000. 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.

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