Nayax (NASDAQ:NYAX) Sets New 12-Month High After Analyst Upgrade

Nayax Ltd. (NASDAQ:NYAX)’s share price reached a new 52-week high during mid-day trading on Monday after Keefe, Bruyette & Woods raised their price target on the stock from $47.00 to $52.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Nayax traded as high as $52.85 and last traded at $52.9590, with a volume of 10550 shares. The stock had previously closed at $51.95.

Several other equities research analysts have also recently weighed in on NYAX. Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. UBS Group lifted their price objective on Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Nayax presently has a consensus rating of “Hold” and a consensus target price of $49.00.

Hedge Funds Weigh In On Nayax

Several institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd increased its stake in Nayax by 6.6% in the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock valued at $59,025,000 after purchasing an additional 72,751 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Nayax in the 2nd quarter valued at $433,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Nayax in the 2nd quarter valued at $340,000. Ascent Group LLC bought a new stake in shares of Nayax in the 2nd quarter valued at $220,000. Finally, Geode Capital Management LLC lifted its holdings in Nayax by 19.7% during the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock worth $1,685,000 after acquiring an additional 5,523 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Trading Down 2.9%

The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $1.83 billion, a P/E ratio of 80.64 and a beta of 0.14. The company has a fifty day simple moving average of $45.24 and a two-hundred day simple moving average of $46.23.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Nayax had a return on equity of 6.51% and a net margin of 6.49%.The business had revenue of $104.28 million for the quarter, compared to analyst estimates of $109.51 million. On average, sell-side analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current year.

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.