Nayax (NASDAQ:NYAX) Sees Large Volume Increase – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) shares saw strong trading volume on Monday . 17,628 shares traded hands during trading, an increase of 112% from the previous session’s volume of 8,301 shares.The stock last traded at $35.04 and had previously closed at $35.84.

Wall Street Analyst Weigh In

Several research firms have weighed in on NYAX. Keefe, Bruyette & Woods raised their price target on Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research report on Thursday. B. Riley reissued a “buy” rating and issued a $44.00 target price (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Nayax has a consensus rating of “Hold” and an average price target of $34.75.

Nayax Stock Down 2.2 %

The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -113.10 and a beta of 0.08. 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 firm has a fifty day moving average price of $36.12 and a 200-day moving average price of $29.98.

Institutional Trading of Nayax

A number of hedge funds have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd lifted its holdings in shares of Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after acquiring an additional 354,350 shares during the period. Swedbank AB boosted its holdings in Nayax by 107.6% in the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after acquiring an additional 107,559 shares during the last quarter. Barclays PLC grew its holdings in shares of Nayax by 5,526.8% during the 3rd 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 period. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the 3rd quarter valued at $69,000. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Nayax during the 4th quarter valued at about $326,000. 34.87% of the stock is owned by institutional investors and hedge funds.

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.