Nayax Ltd. (NASDAQ:NYAX) Receives Average Recommendation of “Hold” from Brokerages

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

Several brokerages have commented on NYAX. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. UBS Group upped their price target on Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Friday, January 2nd.

Nayax Trading Down 1.4%

NASDAQ:NYAX opened at $56.25 on Monday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 87.89 and a beta of 0.19. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average price is $55.47 and its 200-day moving average price is $49.40. Nayax has a 52 week low of $32.38 and a 52 week high of $60.76.

Institutional Trading of Nayax

Large investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 6.6% during the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock valued at $59,025,000 after purchasing an additional 72,751 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after purchasing an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after purchasing an additional 89,886 shares during the period. AltraVue Capital LLC purchased a new stake in Nayax during the 4th quarter valued at $11,623,000. Finally, Assenagon Asset Management S.A. raised its stake in Nayax by 57.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after buying an additional 72,354 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors.

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.