Nayax (NASDAQ:NYAX) Sees Large Volume Increase - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 29,821 shares changed hands during trading, an increase of 248% from the previous session's volume of 8,580 shares.The stock last traded at $44.68 and had previously closed at $44.70.

Analysts Set New Price Targets

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

Nayax Stock Down 0.7%

The firm has a 50-day moving average of $39.75 and a 200 day moving average of $35.62. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -147.08 and a beta of 0.13. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $85.08 million. On average, sell-side analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Several large investors have recently made changes to their positions in NYAX. Goldman Sachs Group Inc. grew its holdings in Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock valued at $9,966,000 after buying an additional 89,886 shares during the last quarter. Bosun Asset Management LLC bought a new stake in shares of Nayax during the first quarter worth $332,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Nayax by 2.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock worth $22,415,000 after acquiring an additional 16,200 shares during the last quarter. Nuveen LLC bought a new stake in shares of Nayax during the first quarter worth $935,000. Finally, Swiss National Bank raised its position in shares of Nayax by 17.6% during the first quarter. Swiss National Bank now owns 24,871 shares of the company's stock worth $838,000 after acquiring an additional 3,714 shares during the last quarter. Institutional investors 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.