Analysts Set Nayax Ltd. (NASDAQ:NYAX) PT at $47.33

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $47.3333.

Several research firms recently issued reports on NYAX. Keefe, Bruyette & Woods cut their target price on Nayax from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Thursday, November 20th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. UBS Group boosted 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, Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th.

Nayax Price Performance

NASDAQ:NYAX opened at $48.64 on Wednesday. Nayax has a 52-week low of $27.46 and a 52-week high of $52.46. The stock has a fifty day moving average of $44.34 and a 200 day moving average of $45.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 75.99 and a beta of 0.19.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 earnings per share (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 company had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. On average, research analysts expect that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Osaic Holdings Inc. purchased a new position in Nayax in the 2nd quarter worth approximately $33,000. Vanguard Personalized Indexing Management LLC lifted its position in Nayax by 10.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock valued at $355,000 after acquiring an additional 693 shares in the last quarter. Bank of America Corp DE boosted its stake in Nayax by 254.9% during the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after purchasing an additional 956 shares during the last quarter. Finally, ARK Investment Management LLC increased its holdings in shares of Nayax by 3.2% in the 3rd quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock worth $2,058,000 after purchasing an additional 1,331 shares in the last quarter. Hedge funds and other institutional investors 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.