Millennium Management LLC Decreases Stake in Nayax Ltd. (NASDAQ:NYAX)

Millennium Management LLC reduced its holdings in Nayax Ltd. (NASDAQ:NYAX) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,328 shares of the company’s stock after selling 835 shares during the period. Millennium Management LLC’s holdings in Nayax were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hood River Capital Management LLC lifted its stake in shares of Nayax by 144.6% in the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company’s stock worth $412,000 after buying an additional 8,346 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Nayax during the fourth quarter worth about $1,581,000. Citadel Advisors LLC purchased a new position in Nayax during the fourth quarter worth about $217,000. Verdence Capital Advisors LLC purchased a new position in Nayax during the fourth quarter worth about $326,000. Finally, Jane Street Group LLC purchased a new position in Nayax during the fourth quarter worth about $351,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Price Performance

Shares of NYAX opened at $44.35 on Tuesday. Nayax Ltd. has a 1-year low of $20.31 and a 1-year high of $46.13. The stock has a market cap of $1.57 billion, a PE ratio of -143.06 and a beta of 0.18. The firm has a 50-day simple moving average of $40.24 and a two-hundred day simple moving average of $36.06. 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 results 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 analyst estimates of $85.08 million. As a group, analysts forecast that Nayax Ltd. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on NYAX. Wall Street Zen downgraded shares of Nayax from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 1st. William Blair raised shares of Nayax from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 14th. B. Riley reaffirmed a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Nayax in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Nayax has an average rating of “Moderate Buy” and an average target price of $38.33.

Nayax 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.