Nayax (NASDAQ:NYAX) Shares Gap Up - Time to Buy?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $33.85, but opened at $35.69. Nayax shares last traded at $36.78, with a volume of 3,328 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NYAX shares. Keefe, Bruyette & Woods boosted their price target on Nayax from $33.00 to $38.00 and gave the company a "market perform" rating in a research note on Thursday, March 6th. William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday. Finally, B. Riley reiterated a "buy" rating and issued a $44.00 price target (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Nayax currently has a consensus rating of "Hold" and a consensus target price of $34.75.

Nayax Trading Down 1.8 %

The stock has a 50 day moving average of $37.02 and a 200-day moving average of $31.44. The company has a market capitalization of $1.23 billion, a P/E ratio of -111.77 and a beta of 0.08. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Institutional Trading of Nayax

Several institutional investors and hedge funds have recently modified their holdings of NYAX. Citadel Advisors LLC purchased a new stake in Nayax in the 4th quarter worth $217,000. Bank of America Corp DE boosted its stake in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after acquiring an additional 1,353 shares during the period. Jane Street Group LLC purchased a new stake in shares of Nayax during the fourth quarter worth about $351,000. Hood River Capital Management LLC raised its stake in Nayax by 144.6% during the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after purchasing an additional 8,346 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Nayax by 2.4% in 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 in the last quarter. 34.87% of the stock is currently owned by institutional investors.

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.