Nayax (NASDAQ:NYAX) Shares Gap Down - Time to Sell?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $50.44, but opened at $47.59. Nayax shares last traded at $47.16, with a volume of 6,979 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. B. Riley reissued a "buy" rating and issued a $47.00 price objective (up from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Wall Street Zen downgraded Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods increased their price objective on Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.67.

Nayax Stock Down 0.3%

The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 242.24 and a beta of 0.24. The business has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $38.82. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.67 and a current ratio of 1.76.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its 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). Nayax had a return on equity of 0.23% and a net margin of 1.96%. The company had revenue of $81.11 million during the quarter, compared to analyst estimates of $85.08 million. On average, equities analysts expect that Nayax Ltd. will post -0.16 EPS for the current year.

Institutional Trading of Nayax

A number of hedge funds and other institutional investors have recently modified their holdings of NYAX. Citadel Advisors LLC acquired a new stake in shares of Nayax during the 4th quarter worth about $217,000. Hood River Capital Management LLC increased its position in shares of Nayax by 144.6% during the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock worth $412,000 after purchasing an additional 8,346 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Nayax during the 4th quarter worth about $1,581,000. Jane Street Group LLC acquired a new stake in shares of Nayax during the 4th quarter worth about $351,000. Finally, Geode Capital Management LLC increased its position in shares of Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after purchasing an additional 650 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

About Nayax

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.