Brokerages Set Nayax Ltd. (NASDAQ:NYAX) Price Target at $49.00

Nayax Ltd. (NASDAQ:NYAX) has been given an average rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $49.00.

Several research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Keefe, Bruyette & Woods increased their target price on shares of Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Friday, January 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd.

Nayax Trading Down 1.2%

Shares of NYAX stock opened at $56.85 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 88.83 and a beta of 0.14. The firm has a 50-day moving average price of $53.05 and a 200 day moving average price of $48.26. Nayax has a twelve month low of $32.38 and a twelve month high of $60.76.

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

Institutional Trading of Nayax

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC purchased a new position in Nayax in the 4th quarter worth approximately $69,000. SPX Gestao de Recursos Ltda grew its position in shares of Nayax by 25.4% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 23,958 shares of the company’s stock worth $1,212,000 after buying an additional 4,849 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Nayax by 9.2% during the fourth quarter. Jane Street Group LLC now owns 8,631 shares of the company’s stock valued at $437,000 after buying an additional 726 shares during the last quarter. New York State Common Retirement Fund acquired a new position in Nayax during the 4th quarter valued at approximately $967,000. Finally, Swiss National Bank lifted its position in Nayax by 3.0% during the fourth quarter. Swiss National Bank now owns 28,986 shares of the company’s stock valued at $1,467,000 after purchasing an additional 834 shares during the period. Hedge funds and other 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.