Legal & General Group Plc Sells 999 Shares of Nayax Ltd. (NASDAQ:NYAX)

Legal & General Group Plc lowered its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,150 shares of the company’s stock after selling 999 shares during the period. Legal & General Group Plc’s holdings in Nayax were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its position in Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock worth $828,000 after purchasing an additional 650 shares during the last quarter. Baillie Gifford & Co. increased its position in Nayax by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after purchasing an additional 1,161 shares during the last quarter. Barclays PLC increased its position in Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in Nayax in the fourth quarter worth $326,000. Finally, JPMorgan Chase & Co. bought a new stake in Nayax in the fourth quarter worth $1,581,000. Institutional investors own 34.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, March 6th. B. Riley reiterated a “buy” rating and set a $44.00 price objective (up previously from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Finally, William Blair upgraded shares of Nayax from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

Nayax Trading Down 0.6 %

NYAX stock opened at $41.16 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Nayax Ltd. has a twelve month low of $20.31 and a twelve month high of $42.12. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -132.77 and a beta of 0.23. The firm’s fifty day simple moving average is $36.59 and its two-hundred day simple moving average is $33.13.

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.