Nayax (NASDAQ:NYAX) Stock Price Down 5.5% - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s stock price traded down 5.5% during trading on Monday . The company traded as low as $39.75 and last traded at $39.84. 6,478 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 8,000 shares. The stock had previously closed at $42.16.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NYAX. William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. B. Riley reaffirmed a "buy" rating and issued a $47.00 target price (up from $44.00) on shares of Nayax in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on Nayax from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Jefferies Financial Group restated a "buy" rating on shares of Nayax in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Nayax currently has an average rating of "Moderate Buy" and a consensus target price of $38.33.

Nayax Stock Down 1.6%

The stock has a market capitalization of $1.47 billion, a P/E ratio of -133.29 and a beta of 0.13. The stock's 50 day simple moving average is $37.65 and its 200 day simple moving average is $34.35. 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 results on Tuesday, May 13th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The business had revenue of $81.11 million for the quarter, compared to analyst estimates of $85.08 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. As a group, research analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock valued at $34,630,000 after purchasing an additional 354,350 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Nayax by 2.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock valued at $22,415,000 after buying an additional 16,200 shares in the last quarter. Ibex Investors LLC lifted its position in shares of Nayax by 19.3% in the first quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after buying an additional 67,276 shares during the last quarter. Swedbank AB lifted its position in shares of Nayax by 44.5% in the fourth quarter. Swedbank AB now owns 300,000 shares of the company's stock worth $8,748,000 after buying an additional 92,441 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after acquiring an additional 89,886 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

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.