Nayax Ltd. (NASDAQ:NYAX) Receives Average Rating of “Hold” from Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $47.3333.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. UBS Group upped their price target on shares of Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Keefe, Bruyette & Woods reduced their price objective on Nayax from $50.00 to $47.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. Finally, Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd.

Nayax Price Performance

Shares of NASDAQ:NYAX opened at $47.52 on Wednesday. Nayax has a one year low of $27.38 and a one year high of $52.46. The company has a market capitalization of $1.69 billion, a PE ratio of 74.25 and a beta of 0.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71. The stock has a fifty day moving average of $44.26 and a 200-day moving average of $45.85.

Nayax (NASDAQ:NYAX) last announced its earnings results on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). Nayax had a return on equity of 6.51% and a net margin of 6.49%.The firm had revenue of $104.28 million during the quarter, compared to analyst estimates of $109.51 million. As a group, equities analysts anticipate that Nayax will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Osaic Holdings Inc. bought a new stake in Nayax during the 2nd quarter valued at approximately $33,000. Bank of America Corp DE grew its holdings in Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares during the last quarter. Alliancebernstein L.P. bought a new position in Nayax in the 3rd quarter worth approximately $128,000. Finally, Ascent Group LLC acquired a new position in shares of Nayax during the second quarter worth approximately $220,000. Institutional investors own 34.87% of the company’s stock.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.