ARK Investment Management LLC Has $2.26 Million Stock Position in Nayax Ltd. (NASDAQ:NYAX)

ARK Investment Management LLC increased its holdings in Nayax Ltd. (NASDAQ:NYAX) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,869 shares of the company’s stock after acquiring an additional 1,445 shares during the period. ARK Investment Management LLC’s holdings in Nayax were worth $2,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in Nayax by 1.2% during the 2nd 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Nayax by 16.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after purchasing an additional 1,099 shares in the last quarter. Hood River Capital Management LLC boosted its position in shares of Nayax by 35.8% during the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after buying an additional 1,401 shares during the last quarter. Ingalls & Snyder LLC bought a new stake in Nayax during the second quarter worth $229,000. Finally, Altshuler Shaham Ltd purchased a new stake in Nayax in the 2nd quarter valued at $1,010,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Stock Up 2.2 %

NASDAQ NYAX opened at $28.98 on Friday. The business’s fifty day moving average is $26.03 and its 200-day moving average is $24.79. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. Nayax Ltd. has a one year low of $18.46 and a one year high of $30.99.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The company had revenue of $78.09 million during the quarter, compared to the consensus estimate of $78.10 million. Nayax had a negative return on equity of 11.18% and a negative net margin of 5.34%. During the same period in the prior year, the firm posted ($0.12) EPS. As a group, equities research analysts anticipate that Nayax Ltd. will post -0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NYAX. Keefe, Bruyette & Woods cut their price objective on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Oppenheimer assumed coverage on shares of Nayax in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Nayax presently has a consensus rating of “Hold” and a consensus price target of $27.33.

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.