Analysts Set Nayax Ltd. (NASDAQ:NYAX) PT at $36.67

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $38.33.

A number of equities research analysts have commented on NYAX shares. B. Riley reissued a "buy" rating and set a $47.00 price objective (up previously from $44.00) on shares of Nayax in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $38.00 to $40.00 and gave the stock a "market perform" rating in a report on Wednesday. Jefferies Financial Group reissued a "buy" rating on shares of Nayax in a report on Tuesday, May 13th. Finally, William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in 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 purchasing an additional 1,353 shares during the period. Barclays PLC lifted its holdings in shares of Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock worth $58,000 after purchasing an additional 2,266 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Nayax in the 4th quarter worth $217,000. Verdence Capital Advisors LLC bought a new position in shares of Nayax in the 4th quarter worth $326,000. Finally, Bosun Asset Management LLC bought a new position in shares of Nayax in the 1st quarter worth $332,000. Institutional investors and hedge funds own 34.87% of the company's stock.

Nayax Stock Performance

Shares of Nayax stock traded down $0.68 on Tuesday, reaching $41.32. The stock had a trading volume of 15,730 shares, compared to its average volume of 8,097. The business's 50-day moving average price is $37.65 and its two-hundred day moving average price is $34.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. Nayax has a fifty-two week low of $20.31 and a fifty-two week high of $42.85. The stock has a market cap of $1.47 billion, a P/E ratio of -133.29 and a beta of 0.13.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates 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.