Nayax (NASDAQ:NYAX) Shares Gap Up – Should You Buy?

Nayax Ltd. (NASDAQ:NYAX) shares gapped up prior to trading on Monday . The stock had previously closed at $57.00, but opened at $59.04. Nayax shares last traded at $58.99, with a volume of 6,672 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NYAX shares. William Blair reissued an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Keefe, Bruyette & Woods boosted their target price on Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.67.

Nayax Stock Up 4.1%

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 firm’s 50-day moving average is $56.82 and its two-hundred day moving average is $51.26. The stock has a market cap of $2.25 billion, a P/E ratio of 64.56 and a beta of 0.10.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.35 earnings per share 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 firm had revenue of $119.45 million during the quarter, compared to analysts’ expectations of $120.13 million. On average, equities research analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Trading of Nayax

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its position in shares of Nayax by 9.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after acquiring an additional 330 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Nayax by 8.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock valued at $407,000 after acquiring an additional 594 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of Nayax during the 2nd quarter valued at $33,000. Finally, Geode Capital Management LLC raised its position in shares of Nayax by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after acquiring an additional 715 shares during the last quarter. 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.