Nayax (NASDAQ:NYAX) Upgraded at Wall Street Zen

Nayax (NASDAQ:NYAX - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods upped their price target on shares of Nayax from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Wednesday, May 14th. Jefferies Financial Group reissued a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. B. Riley restated a "buy" rating and set a $47.00 target price (up from $44.00) on shares of Nayax in a report on Wednesday, May 14th. Finally, William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.33.

Nayax Price Performance

Shares of NASDAQ NYAX traded down $0.08 during mid-day trading on Friday, reaching $40.75. 1,370 shares of the company traded hands, compared to its average volume of 8,135. The firm has a market cap of $1.44 billion, a PE ratio of -131.45 and a beta of 0.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. Nayax has a fifty-two week low of $20.31 and a fifty-two week high of $42.85. The stock has a fifty day simple moving average of $38.21 and a 200-day simple moving average of $34.84.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $81.11 million for the quarter, compared to analyst estimates of $85.08 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. Equities research analysts anticipate that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NYAX. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company's stock valued at $34,630,000 after acquiring an additional 354,350 shares during the period. Swedbank AB grew its position in Nayax by 44.5% during the 4th quarter. Swedbank AB now owns 300,000 shares of the company's stock worth $8,748,000 after purchasing an additional 92,441 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock valued at $9,966,000 after purchasing an additional 89,886 shares during the period. Ibex Investors LLC lifted its holdings in shares of Nayax by 19.3% in the first quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock valued at $14,039,000 after purchasing an additional 67,276 shares in the last quarter. Finally, ARK Investment Management LLC purchased a new stake in shares of Nayax in the first quarter valued at $1,906,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.