Analysts Set Nayax Ltd. (NASDAQ:NYAX) Price Target at $38.33

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $38.33.

Several research analysts have issued reports on NYAX shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Nayax in a report on Tuesday, May 13th. William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. B. Riley reiterated a "buy" rating and set a $47.00 target price (up from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their target price on Nayax from $38.00 to $40.00 and gave the stock a "market perform" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded Nayax from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st.

Institutional Investors Weigh In On Nayax

Institutional investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Nayax by 2.5% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock valued at $22,415,000 after purchasing an additional 16,200 shares during the last quarter. Ibex Investors LLC increased its holdings in Nayax by 19.3% in the 1st quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after buying an additional 67,276 shares during the period. Goldman Sachs Group Inc. raised its position in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after buying an additional 89,886 shares during the last quarter. ARK Investment Management LLC purchased a new position in Nayax during the 1st quarter worth approximately $1,906,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Nayax during the fourth quarter worth $1,581,000. Institutional investors own 34.87% of the company's stock.

Nayax Trading Down 0.5%

Shares of NYAX stock traded down $0.24 during mid-day trading on Wednesday, reaching $51.52. The stock had a trading volume of 9,480 shares, compared to its average volume of 10,028. The firm has a market capitalization of $1.83 billion, a PE ratio of 286.24 and a beta of 0.24. The stock's 50-day moving average price is $43.65 and its two-hundred day moving average price is $38.05. The company has a current ratio of 1.76, a quick ratio of 1.67 and a debt-to-equity ratio of 0.79. Nayax has a 52-week low of $20.31 and a 52-week high of $52.46.

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 company had revenue of $81.11 million for the quarter, compared to the consensus estimate of $85.08 million. Equities analysts expect that Nayax will post -0.16 earnings per share for the current fiscal year.

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.