Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Recommendation of “Hold” from Analysts

Nayax Ltd. (NASDAQ:NYAX) has earned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $34.75.

A number of research firms have commented on NYAX. B. Riley reissued a “buy” rating and issued a $44.00 target price (up previously from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research note on Thursday, March 6th.

Nayax Stock Down 3.1 %

NYAX opened at $33.52 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. Nayax has a 12 month low of $20.31 and a 12 month high of $40.70. The stock has a market capitalization of $1.19 billion, a P/E ratio of -108.13 and a beta of 0.08. The business has a 50 day simple moving average of $36.87 and a 200-day simple moving average of $30.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Barclays PLC grew its position in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Nayax during the 3rd quarter worth approximately $69,000. Citadel Advisors LLC acquired a new position in shares of Nayax during the 4th quarter worth approximately $217,000. Finally, Verdence Capital Advisors LLC purchased a new stake in Nayax in the 4th quarter valued at approximately $326,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.