Nayax (NASDAQ:NYAX) Downgraded by Wall Street Zen to Buy

Nayax (NASDAQ:NYAX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Sunday.

Several other research analysts have also recently issued reports on NYAX. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a report on Tuesday, May 13th. B. Riley reaffirmed a "buy" rating and set a $47.00 target price (up previously from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Nayax from $38.00 to $40.00 and gave the stock a "market perform" rating in a report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.33.

Nayax Stock Performance

Shares of NYAX traded up $1.81 during mid-day trading on Friday, hitting $45.93. The stock had a trading volume of 47,676 shares, compared to its average volume of 8,889. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Nayax has a fifty-two week low of $20.31 and a fifty-two week high of $46.46. The company's fifty day simple moving average is $39.51 and its two-hundred day simple moving average is $35.55. The company has a market cap of $1.63 billion, a PE ratio of -148.16 and a beta of 0.13.

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 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 the consensus estimate of $85.08 million. On average, equities analysts expect that Nayax will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Hedge funds and other institutional investors have recently modified their holdings of the stock. Swedbank AB raised its position 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 period. Y.D. More Investments Ltd lifted its position in shares of Nayax by 42.7% in the 4th 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. Baillie Gifford & Co. raised its stake in shares of Nayax by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock valued at $1,517,000 after purchasing an additional 1,161 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in Nayax in the fourth quarter worth $326,000. Finally, JPMorgan Chase & Co. acquired a new stake in Nayax during the fourth quarter worth $1,581,000. Institutional investors and hedge funds own 34.87% of the company's stock.

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.