Nayax (NASDAQ:NYAX) Price Target Raised to $38.00 at Keefe, Bruyette & Woods

Nayax (NASDAQ:NYAX) had its price objective upped by stock analysts at Keefe, Bruyette & Woods from $33.00 to $38.00 in a report released on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 7.28% from the stock’s current price.

Separately, B. Riley reissued a “buy” rating and issued a $44.00 price target (up from $42.00) on shares of Nayax in a research report on Wednesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Nayax has an average rating of “Hold” and a consensus price target of $34.75.

Nayax Trading Down 3.2 %

NYAX stock opened at $35.42 on Thursday. Nayax has a 52 week low of $20.31 and a 52 week high of $40.70. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -114.25 and a beta of 0.02. The business has a fifty day simple moving average of $35.83 and a 200-day simple moving average of $29.78.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares in the last quarter. Barclays PLC raised its holdings in shares of Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after acquiring an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Nayax in the 3rd quarter valued at about $69,000. Citadel Advisors LLC bought a new position in Nayax in the fourth quarter worth about $217,000. Finally, Verdence Capital Advisors LLC purchased a new position in Nayax in the fourth quarter worth about $326,000. Institutional investors own 34.87% of the company’s stock.

About Nayax

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.