Clal Insurance Enterprises Holdings Ltd Has $18.91 Million Holdings in Nayax Ltd. (NASDAQ:NYAX)

Clal Insurance Enterprises Holdings Ltd lessened its stake in Nayax Ltd. (NASDAQ:NYAX) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 646,861 shares of the company’s stock after selling 18,494 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned 1.82% of Nayax worth $18,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd boosted its holdings in shares of Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after buying an additional 354,350 shares during the period. Swedbank AB boosted its holdings in Nayax by 107.6% during the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after purchasing an additional 107,559 shares during the last quarter. Barclays PLC boosted its holdings in Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Nayax during the third quarter worth $69,000. Finally, Azora Capital LP boosted its holdings in Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after purchasing an additional 4,724 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Trading Down 1.8 %

Shares of Nayax stock opened at $36.97 on Friday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -119.25 and a beta of 0.02. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Nayax Ltd. has a 12-month low of $20.31 and a 12-month high of $40.70. The firm’s 50-day moving average price is $35.31 and its two-hundred day moving average price is $29.52.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. B. Riley initiated coverage on shares of Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price target on the stock. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nayax currently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

Nayax Company Profile

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.