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

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

Wall Street Analysts Forecast Growth

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

Nayax Stock Up 4.1%

The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 263.96 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 fifty day moving average is $41.87 and its two-hundred day moving average is $36.81.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $85.08 million. Equities analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after buying an additional 1,353 shares in the last quarter. Citadel Advisors LLC acquired a new position in Nayax in the fourth quarter valued at $217,000. Verdence Capital Advisors LLC purchased a new position in shares of Nayax during the fourth quarter worth about $326,000. Bosun Asset Management LLC purchased a new stake in shares of Nayax in the 1st quarter valued at about $332,000. Finally, Jane Street Group LLC purchased a new stake in shares of Nayax in the 4th quarter valued at about $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.

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