Nayax Ltd. $NYAX Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in Nayax Ltd. (NASDAQ:NYAX) by 57.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,714 shares of the company’s stock after buying an additional 72,354 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Nayax were worth $10,044,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NYAX. Vanguard Group Inc. boosted its stake in shares of Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after purchasing an additional 89,886 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Nayax in the second quarter valued at approximately $2,649,000. Geode Capital Management LLC increased its holdings in shares of Nayax by 19.7% in the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after purchasing an additional 5,523 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Nayax during the third quarter worth approximately $223,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NYAX. Keefe, Bruyette & Woods boosted their price target on shares of Nayax from $52.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Nayax has an average rating of “Hold” and a consensus target price of $51.67.

Nayax Stock Down 1.9%

Nayax stock opened at $54.03 on Friday. The company has a market capitalization of $1.98 billion, a PE ratio of 56.87 and a beta of 0.19. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.16 and a current ratio of 2.26. Nayax Ltd. has a fifty-two week low of $32.38 and a fifty-two week high of $61.65. The firm has a 50 day moving average price of $56.78 and a 200 day moving average price of $50.39.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Monday, March 9th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Nayax had a return on equity of 11.60% and a net margin of 8.87%.The company had revenue of $119.45 million for the quarter, compared to analysts’ expectations of $120.13 million. Research analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current 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.