Assenagon Asset Management S.A. Buys 72,354 Shares of Nayax Ltd. $NYAX

Assenagon Asset Management S.A. increased its stake in Nayax Ltd. (NASDAQ:NYAX) by 57.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,714 shares of the company’s stock after buying an additional 72,354 shares during the quarter. Assenagon Asset Management S.A. owned about 0.56% of Nayax worth $10,044,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Osaic Holdings Inc. purchased a new position in Nayax in the second quarter worth $33,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Nayax by 10.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock worth $355,000 after purchasing an additional 693 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Nayax by 254.9% during the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after purchasing an additional 956 shares during the last quarter. Finally, ARK Investment Management LLC increased its holdings in shares of Nayax by 3.2% during the third quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock valued at $2,058,000 after acquiring an additional 1,331 shares in the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NYAX has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on Nayax from $52.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.67.

Nayax Stock Down 1.9%

NYAX opened at $54.03 on Friday. Nayax Ltd. has a fifty-two week low of $32.38 and a fifty-two week high of $61.65. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.16 and a current ratio of 2.26. The company has a fifty day moving average of $56.78 and a two-hundred day moving average of $50.39. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 56.87 and a beta of 0.19.

Nayax (NASDAQ:NYAX) last posted its earnings results on Monday, March 9th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Nayax had a net margin of 8.87% and a return on equity of 11.60%. The business had revenue of $119.45 million for the quarter, compared to analyst estimates of $120.13 million. On average, research analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current year.

Nayax Profile

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.