Brokerages Set Nayax Ltd. (NASDAQ:NYAX) Price Target at $49.00

Nayax Ltd. (NASDAQ:NYAX) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, 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 ratings on the stock in the last year is $49.00.

NYAX has been the topic of a number of research analyst reports. UBS Group boosted their price target on Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Friday, January 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd.

Nayax Stock Performance

Shares of NYAX opened at $57.94 on Friday. 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 firm has a market cap of $2.05 billion, a PE ratio of 90.53 and a beta of 0.14. Nayax has a 12 month low of $32.38 and a 12 month high of $59.89. The stock has a fifty day moving average price of $48.31 and a 200-day moving average price of $46.72.

Nayax (NASDAQ:NYAX) last announced its earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share 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 business had revenue of $104.28 million for the quarter, compared to analysts’ expectations of $109.51 million. Equities research analysts predict that Nayax will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Institutional investors and hedge funds have recently modified their holdings of the company. Ascent Group LLC acquired a new position in Nayax in the 4th quarter worth approximately $206,000. Assenagon Asset Management S.A. boosted its holdings in shares of Nayax by 57.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after acquiring an additional 72,354 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Nayax in the third quarter worth $223,000. Bank of America Corp DE increased its stake in shares of Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after acquiring an additional 956 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in shares of Nayax during the third quarter worth $128,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.