Nayax (NASDAQ:NYAX) Sets New 1-Year High - Still a Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $49.98 and last traded at $49.77, with a volume of 6296 shares traded. The stock had previously closed at $49.61.

Wall Street Analyst Weigh In

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

Nayax Trading Up 0.9%

The company has a market capitalization of $1.78 billion, a PE ratio of 278.18 and a beta of 0.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.67. The company's fifty day moving average is $43.14 and its 200-day moving average is $37.79.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $81.11 million during the quarter, compared to analysts' expectations of $85.08 million. Nayax had a net margin of 1.96% and a return on equity of 0.23%. On average, analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

A number of large investors have recently added to or reduced their stakes in NYAX. Goldman Sachs Group Inc. boosted its holdings in shares of 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 in the last quarter. Bosun Asset Management LLC purchased a new stake in Nayax during the first quarter valued at approximately $332,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Nayax by 2.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock valued at $22,415,000 after acquiring an additional 16,200 shares in the last quarter. Nuveen LLC purchased a new position in Nayax in the first quarter worth $935,000. Finally, Swiss National Bank increased 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 purchasing an additional 3,714 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors.

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.

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