Nayax (NASDAQ:NYAX) Upgraded at Zacks Research

Zacks Research upgraded shares of Nayax (NASDAQ:NYAX) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

Several other research firms also recently weighed in on NYAX. UBS Group increased their price target on shares of Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Wall Street Zen cut Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Keefe, Bruyette & Woods raised their price objective on Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, January 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Nayax Trading Up 0.9%

Shares of NYAX stock opened at $58.46 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.75. Nayax has a 12-month low of $32.38 and a 12-month high of $59.89. The stock has a market capitalization of $2.07 billion, a P/E ratio of 91.34 and a beta of 0.14. The firm’s 50 day moving average is $48.66 and its 200 day moving average is $46.81.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). Nayax had a net margin of 6.49% and a return on equity of 6.51%. The firm had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. Research analysts expect that Nayax will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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. Ascent Group LLC purchased a new stake in shares of Nayax during the 2nd quarter worth approximately $220,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Nayax during the 2nd quarter valued at approximately $340,000. Finally, Savant Capital LLC bought a new position in Nayax during the second quarter valued at $433,000. Institutional investors own 34.87% of the company’s stock.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.