Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $31.25.

A number of analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Finally, B. Riley started coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective on the stock.

Hedge Funds Weigh In On Nayax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd raised its holdings in Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after purchasing an additional 354,350 shares in the last quarter. Swedbank AB raised its stake in Nayax by 44.5% during the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after acquiring an additional 92,441 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Nayax by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after acquiring an additional 115,262 shares during the last quarter. Azora Capital LP boosted its stake in Nayax by 4.9% in the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after acquiring an additional 4,724 shares in the last quarter. Finally, ARK Investment Management LLC grew its holdings in shares of Nayax by 1.7% during the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after purchasing an additional 1,445 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Nayax Price Performance

Shares of NASDAQ NYAX opened at $37.70 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -121.61 and a beta of 0.02. The stock’s 50-day moving average is $34.91 and its two-hundred day moving average is $29.32. Nayax has a 1-year low of $20.31 and a 1-year high of $40.70.

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.