Nayax (NASDAQ:NYAX) Rating Increased to Strong-Buy 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.

A number of other research analysts have also recently issued reports on the stock. B. Riley reissued a "buy" rating and issued a $47.00 price objective (up from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. William Blair raised shares of Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nayax from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nayax has an average rating of "Moderate Buy" and an average price target of $38.33.

Nayax Stock Down 0.3%

Shares of Nayax stock traded down $0.13 during trading hours on Friday, reaching $44.37. 14,829 shares of the company's stock were exchanged, compared to its average volume of 8,462. The company has a 50 day moving average of $38.90 and a two-hundred day moving average of $35.15. Nayax has a fifty-two week low of $20.31 and a fifty-two week high of $45.72. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.57 billion, a P/E ratio of -143.12 and a beta of 0.13.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its 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 during 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%. On average, sell-side analysts forecast that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently made changes to their positions in NYAX. Goldman Sachs Group Inc. boosted its stake in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after acquiring an additional 89,886 shares in the last quarter. Bosun Asset Management LLC purchased a new stake in shares of Nayax in the 1st quarter valued at approximately $332,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Nayax by 2.5% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock valued at $22,415,000 after buying an additional 16,200 shares during the period. Nuveen LLC purchased a new stake in shares of Nayax in the 1st quarter valued at approximately $935,000. Finally, Swiss National Bank grew its stake in shares of Nayax by 17.6% in the 1st quarter. Swiss National Bank now owns 24,871 shares of the company's stock valued at $838,000 after buying an additional 3,714 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.