Nayax Ltd. (NASDAQ:NYAX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $38.33.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NYAX. Bank of America Corp DE grew its position in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after acquiring an additional 1,353 shares during the period. Citadel Advisors LLC purchased a new position in Nayax during the fourth quarter valued at $217,000. Bosun Asset Management LLC bought a new stake in Nayax during the first quarter valued at about $332,000. Verdence Capital Advisors LLC purchased a new stake in Nayax in the fourth quarter worth about $326,000. Finally, Jane Street Group LLC bought a new position in shares of Nayax in the fourth quarter worth about $351,000. 34.87% of the stock is currently owned by institutional investors.

Nayax Stock Up 1.8%

Shares of Nayax stock traded up $0.80 on Friday, reaching $45.15. The company's stock had a trading volume of 39,389 shares, compared to its average volume of 9,127. Nayax has a 52 week low of $20.31 and a 52 week high of $46.13. The firm's fifty day simple moving average is $40.24 and its two-hundred day simple moving average is $36.06. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -145.64 and a beta of 0.18.

Nayax (NASDAQ:NYAX - Get Free Report) last released 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). Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The business had revenue of $81.11 million for the quarter, compared to analysts' expectations of $85.08 million. Equities analysts anticipate that Nayax will post -0.16 earnings per share for the current year.

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.