Nayax (NASDAQ:NYAX) Shares Up 5% - Still a Buy?

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) traded up 5% on Friday . The company traded as high as $47.11 and last traded at $47.92. 3,748 shares traded hands during trading, a decline of 64% from the average session volume of 10,528 shares. The stock had previously closed at $45.64.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. B. Riley reissued a "buy" rating and set a $47.00 price objective (up previously from $44.00) on shares of Nayax 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, Keefe, Bruyette & Woods lifted their price target on shares of Nayax from $38.00 to $40.00 and gave the company a "market perform" rating in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Nayax presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.33.

Nayax Stock Performance

The stock's 50 day simple moving average is $42.08 and its two-hundred day simple moving average is $37.07. 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 company has a market cap of $1.65 billion, a PE ratio of 259.13 and a beta of 0.18.

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 net margin of 1.96% and a return on equity of 0.23%. The firm had revenue of $81.11 million during the quarter, compared to analyst estimates of $85.08 million. As a group, research analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NYAX. Verdence Capital Advisors LLC acquired a new stake in shares of Nayax in the 4th quarter valued at about $326,000. JPMorgan Chase & Co. acquired a new position in shares of Nayax in the 4th quarter valued at about $1,581,000. Geode Capital Management LLC grew 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 valued at $828,000 after buying an additional 650 shares during the last quarter. Hood River Capital Management LLC raised its stake in Nayax by 144.6% during the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock worth $412,000 after acquiring an additional 8,346 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Nayax during the 4th quarter worth approximately $351,000. Institutional investors and hedge funds own 34.87% of the company's stock.

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.