UBS Group Initiates Coverage on Nayax (NASDAQ:NYAX)

UBS Group began coverage on shares of Nayax (NASDAQ:NYAX - Free Report) in a research report report published on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $29.00 price objective on the stock.

Nayax Stock Performance

Shares of Nayax stock traded up $0.72 during trading on Monday, hitting $26.07. 1,131 shares of the company's stock traded hands, compared to its average volume of 9,794. Nayax has a 1 year low of $16.38 and a 1 year high of $30.99. The business has a 50-day simple moving average of $26.27 and a 200-day simple moving average of $22.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a market capitalization of $856.40 million, a P/E ratio of -54.31 and a beta of 0.08.

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

Hedge Funds Weigh In On Nayax

An institutional investor recently bought a new position in Nayax stock. Assenagon Asset Management S.A. purchased a new stake in shares of Nayax Ltd. (NASDAQ:NYAX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,759 shares of the company's stock, valued at approximately $575,000. Assenagon Asset Management S.A. owned 0.08% of Nayax as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 34.87% of the company's stock.

About Nayax

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.