Nayax Ltd. (NASDAQ:NYAX) Receives $38.33 Consensus Target Price from Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $38.33.

Several analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $47.00 target price (up previously from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Jefferies Financial Group reiterated a “buy” rating on shares of Nayax in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods upped their target price on shares of Nayax from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 14th. William Blair upgraded shares of Nayax from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen lowered shares of Nayax from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 1st.

Institutional Investors Weigh In On Nayax

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Nayax in the fourth quarter worth about $217,000. Verdence Capital Advisors LLC purchased a new stake in shares of Nayax in the fourth quarter worth about $326,000. Bosun Asset Management LLC purchased a new stake in shares of Nayax in the first quarter worth about $332,000. Finally, Jane Street Group LLC purchased a new stake in shares of Nayax in the fourth quarter worth about $351,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Stock Performance

NYAX opened at $42.76 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The company’s fifty day moving average price is $41.02 and its two-hundred day moving average price is $36.37. Nayax has a 1-year low of $20.31 and a 1-year high of $46.13. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -137.93 and a beta of 0.18.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The business had revenue of $81.11 million for the quarter, compared to analyst estimates of $85.08 million. On average, analysts expect that Nayax will post -0.16 EPS for the current fiscal year.

About Nayax

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.