Nayax (NASDAQ:NYAX) Trading Down 4% - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) fell 4% on Thursday . The company traded as low as $45.21 and last traded at $44.09. 1,336 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 8,861 shares. The stock had previously closed at $45.93.

Wall Street Analyst Weigh In

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

Nayax Stock Up 1.4%

The business's fifty day moving average price is $40.10 and its 200 day moving average price is $35.90. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -144.45 and a beta of 0.18. 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $81.11 million for the quarter, compared to analysts' expectations 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its stake in shares of Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company's stock valued at $1,517,000 after purchasing an additional 1,161 shares during the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of Nayax during the fourth quarter worth $326,000. JPMorgan Chase & Co. purchased a new position in Nayax in the 4th quarter valued at $1,581,000. Geode Capital Management LLC grew its position in Nayax by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after buying an additional 650 shares during the last quarter. Finally, Hood River Capital Management LLC increased its stake in Nayax by 144.6% in the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after buying an additional 8,346 shares during the period. 34.87% of the stock is owned by hedge funds and other 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.