Nayax (NASDAQ:NYAX) Shares Down 4.3%

Shares of Nayax Ltd. (NASDAQ:NYAX) traded down 4.3% during trading on Monday . The stock traded as low as $21.99 and last traded at $22.01. 5,528 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 8,289 shares. The stock had previously closed at $22.99.

Analyst Ratings Changes

NYAX has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday. Barclays decreased their target price on Nayax from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Finally, UBS Group assumed coverage on Nayax in a research note on Monday, April 29th. They issued a “neutral” rating and a $29.00 price objective on the stock.

Nayax Trading Down 4.3 %

The company has a 50-day moving average price of $22.81 and a 200 day moving average price of $24.98. The stock has a market capitalization of $722.96 million, a P/E ratio of -47.85 and a beta of 0.02. The company has a current ratio of 1.36, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Nayax had a negative return on equity of 13.46% and a negative net margin of 6.20%. The company had revenue of $78.09 million during the quarter, compared to analysts’ expectations of $78.10 million. During the same period in the prior year, the business posted ($0.12) EPS. On average, research analysts forecast that Nayax Ltd. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its holdings in Nayax by 1.2% during the second quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock valued at $1,072,000 after purchasing an additional 616 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after buying an additional 1,099 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Nayax in the first quarter valued at about $102,000. Ingalls & Snyder LLC acquired a new stake in Nayax in the 2nd quarter valued at about $229,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Nayax by 152.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock worth $1,655,000 after purchasing an additional 37,853 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.