Nayax (NASDAQ:NYAX) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Nayax (NASDAQ:NYAX) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Friday, January 2nd. UBS Group upped their target price 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Nayax presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Nayax Stock Performance

Shares of Nayax stock opened at $57.94 on Monday. The business’s 50 day moving average price is $48.31 and its 200 day moving average price is $46.72. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 90.53 and a beta of 0.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71. Nayax has a one year low of $32.38 and a one year high of $59.89.

Nayax (NASDAQ:NYAX) last issued its earnings results 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). The company had revenue of $104.28 million during the quarter, compared to analyst estimates of $109.51 million. Nayax had a return on equity of 6.51% and a net margin of 6.49%. On average, research analysts predict that Nayax will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd boosted its holdings in Nayax by 6.6% in the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock valued at $59,025,000 after purchasing an additional 72,751 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after buying an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in 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 acquiring an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Nayax by 57.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after acquiring an additional 72,354 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Nayax during the second quarter worth about $2,649,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.