Nayax Ltd. (NASDAQ:NYAX) Given Consensus Rating of “Hold” by Analysts

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $49.00.

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Keefe, Bruyette & Woods raised their price target on Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. UBS Group increased their price objective on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Finally, Zacks Research lowered shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently made changes to their positions in NYAX. Y.D. More Investments Ltd boosted its stake in Nayax by 6.6% during the 2nd 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 during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after purchasing an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Nayax by 57.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after buying an additional 72,354 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Nayax in the 2nd quarter worth about $2,649,000. Institutional investors own 34.87% of the company’s stock.

Nayax Stock Performance

Shares of Nayax stock opened at $59.05 on Friday. Nayax has a 12 month low of $32.38 and a 12 month high of $59.78. The firm has a market capitalization of $2.09 billion, a P/E ratio of 92.27 and a beta of 0.14. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $47.58 and a two-hundred day simple moving average of $46.65.

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

Nayax Company Profile

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.