Nayax (NASDAQ:NYAX) Trading Down 6.2% - What's Next?

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares traded down 6.2% during trading on Wednesday . The stock traded as low as $48.89 and last traded at $46.16. 1,038 shares changed hands during trading, a decline of 90% from the average session volume of 9,928 shares. The stock had previously closed at $49.19.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Jefferies Financial Group restated a "buy" rating on shares of Nayax in a report on Tuesday, May 13th. Keefe, Bruyette & Woods increased their target price on shares of Nayax from $38.00 to $40.00 and gave the stock a "market perform" rating in a 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. Finally, B. Riley restated a "buy" rating and set a $47.00 target price (up previously from $44.00) on shares of Nayax in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Nayax Trading Up 2.2%

The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 275.63 and a beta of 0.18. The company has a quick ratio of 1.67, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The business's 50 day simple moving average is $43.14 and its 200 day simple moving average is $37.65.

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

Hedge Funds Weigh In On Nayax

Several large investors have recently modified their holdings of NYAX. Verdence Capital Advisors LLC bought a new position in shares of Nayax in the fourth quarter valued at about $326,000. JPMorgan Chase & Co. bought a new position in shares of Nayax in the fourth quarter valued at about $1,581,000. Geode Capital Management LLC raised its position in shares of Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after purchasing an additional 650 shares during the period. Hood River Capital Management LLC raised its position in shares of Nayax by 144.6% in the fourth 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, Jane Street Group LLC bought a new position in shares of Nayax in the fourth quarter valued at about $351,000. 34.87% of the stock is 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.