Nayax Ltd. (NASDAQ:NYAX) Receives Average Recommendation of "Moderate Buy" from Brokerages

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $38.33.

Several brokerages have issued reports on NYAX. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Nayax in a research report on Tuesday. B. Riley reissued a "buy" rating and issued a $47.00 target price (up previously from $44.00) on shares of Nayax in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nayax from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Wednesday.

Institutional Trading of Nayax

Several large investors have recently added to or reduced their stakes in NYAX. Bank of America Corp DE boosted its position in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after purchasing an additional 1,353 shares during the period. Barclays PLC grew its holdings in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after buying an additional 2,266 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Nayax during the fourth quarter worth $217,000. Verdence Capital Advisors LLC bought a new stake in Nayax in the 4th quarter valued at $326,000. Finally, Bosun Asset Management LLC purchased a new stake in Nayax in the 1st quarter worth $332,000. 34.87% of the stock is currently owned by institutional investors.

Nayax Stock Down 1.6%

Shares of NYAX traded down $0.68 during mid-day trading on Tuesday, reaching $41.32. The company had a trading volume of 15,730 shares, compared to its average volume of 8,082. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -133.29 and a beta of 0.13. The firm has a 50-day moving average price of $37.53 and a 200 day moving average price of $34.23. Nayax has a 52 week low of $20.31 and a 52 week high of $42.85.

Nayax (NASDAQ:NYAX - Get Free Report) last released its earnings results 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 return on equity of 7.32% and a negative net margin of 3.62%. The company had revenue of $81.11 million during the quarter, compared to the consensus estimate of $85.08 million. On average, sell-side analysts forecast that Nayax will post -0.16 EPS for the current 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.