Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Recommendation of "Hold" from Brokerages

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $34.75.

Several equities research analysts recently weighed in on the company. William Blair upgraded Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. B. Riley reissued a "buy" rating and set a $44.00 price target (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Nayax from $33.00 to $38.00 and gave the stock a "market perform" rating in a report on Thursday, March 6th.

Hedge Funds Weigh In On Nayax

A number of hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd grew its holdings in shares of Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock worth $34,630,000 after acquiring an additional 354,350 shares during the period. Swedbank AB increased its holdings in Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company's stock valued at $8,748,000 after buying an additional 92,441 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Nayax during the 4th quarter worth $1,581,000. Jane Street Group LLC bought a new stake in shares of Nayax during the 4th quarter valued at $351,000. Finally, Verdence Capital Advisors LLC bought a new position in Nayax in the 4th quarter worth $326,000. Hedge funds and other institutional investors own 34.87% of the company's stock.

Nayax Trading Up 3.8 %

NYAX stock traded up $1.49 during trading on Friday, reaching $41.07. The company had a trading volume of 6,329 shares, compared to its average volume of 7,736. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. Nayax has a 52 week low of $20.31 and a 52 week high of $42.00. The business has a 50 day moving average of $36.43 and a 200 day moving average of $32.58. The company has a market cap of $1.46 billion, a P/E ratio of -132.48 and a beta of 0.23.

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.