Nayax Ltd. (NASDAQ:NYAX) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.67.

A number of brokerages have issued reports on NYAX. B. Riley reiterated a "buy" rating and set a $47.00 price objective (up previously from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods upped their price target on shares of Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Nayax in a report on Tuesday, May 13th.

Nayax Stock Down 0.2%

Shares of Nayax stock opened at $46.13 on Friday. Nayax has a 1 year low of $20.31 and a 1 year high of $52.46. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 256.29 and a beta of 0.24. The company has a 50-day moving average of $45.41 and a 200 day moving average of $40.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.67.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its 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 net margin of 1.96% and a return on equity of 0.23%. The business had revenue of $81.11 million for the quarter, compared to the consensus estimate of $85.08 million. As a group, sell-side analysts anticipate that Nayax will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nayax

Several hedge funds and other institutional investors have recently bought and sold shares of NYAX. Goldman Sachs Group Inc. grew its stake in shares of Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after acquiring an additional 89,886 shares during the period. Ibex Investors LLC boosted its holdings in Nayax by 19.3% in the first quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after purchasing an additional 67,276 shares during the last quarter. ARK Investment Management LLC bought a new stake in Nayax in the 1st quarter worth approximately $1,906,000. JPMorgan Chase & Co. purchased a new stake in Nayax during the 4th quarter valued at $1,581,000. Finally, Nuveen LLC bought a new position in shares of Nayax during the 1st quarter valued at $935,000. 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.

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