Nayax (NASDAQ:NYAX) Price Target Raised to $40.00

Nayax (NASDAQ:NYAX) had its target price hoisted by Keefe, Bruyette & Woods from $38.00 to $40.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other equities research analysts have also weighed in on NYAX. Jefferies Financial Group reiterated a “buy” rating on shares of Nayax in a report on Tuesday. William Blair upgraded shares of Nayax from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 1st. Finally, B. Riley restated a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Nayax in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Nayax Trading Down 1.6%

Shares of NYAX opened at $41.32 on Wednesday. Nayax has a 1-year low of $20.31 and a 1-year high of $42.85. The company has a 50-day moving average of $37.65 and a 200 day moving average of $34.32. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -133.29 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 (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The company had revenue of $81.11 million for the quarter, compared to the consensus estimate of $85.08 million. On average, research analysts expect that Nayax will post -0.16 EPS for the current year.

Institutional Trading of Nayax

Several large investors have recently bought and sold shares of the stock. Y.D. More Investments Ltd grew its position in Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after purchasing an additional 354,350 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Nayax by 2.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company’s stock worth $22,415,000 after purchasing an additional 16,200 shares during the last quarter. Ibex Investors LLC grew its position in Nayax by 19.3% during the 1st quarter. Ibex Investors LLC now owns 416,015 shares of the company’s stock worth $14,039,000 after purchasing an additional 67,276 shares during the last quarter. Swedbank AB boosted its holdings in shares of Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after acquiring an additional 92,441 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.