Nayax (NASDAQ:NYAX) Price Target Raised to $52.00

Nayax (NASDAQ:NYAX) had its price target lifted by Keefe, Bruyette & Woods from $47.00 to $52.00 in a research note published on Friday,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other analysts also recently weighed in on NYAX. Zacks Research downgraded Nayax from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Wall Street Zen downgraded Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. UBS Group upped their price target on shares of Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Nayax presently has a consensus rating of “Hold” and an average price target of $49.00.

Nayax Trading Up 2.7%

Shares of Nayax stock opened at $51.95 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 81.17 and a beta of 0.14. Nayax has a 52-week low of $29.50 and a 52-week high of $52.46. The company’s 50-day simple moving average is $44.86 and its 200-day simple moving average is $46.15. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Nayax had a net margin of 6.49% and a return on equity of 6.51%. The firm had revenue of $104.28 million during the quarter, compared to analyst estimates of $109.51 million. As a group, equities research analysts anticipate that Nayax will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Hedge funds have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd raised its position in shares of Nayax by 6.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock worth $59,025,000 after purchasing an additional 72,751 shares during the last quarter. Bosun Asset Management LLC purchased a new position in Nayax during the first quarter worth $332,000. Savant Capital LLC acquired a new position in shares of Nayax in the second quarter worth $433,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Nayax in the second quarter worth $340,000. Finally, Ascent Group LLC purchased a new stake in shares of Nayax in the second quarter valued at $220,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

About Nayax

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.