Nayax (NASDAQ:NYAX) Now Covered by B. Riley

Equities research analysts at B. Riley assumed coverage on shares of Nayax (NASDAQ:NYAX) in a report issued on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $38.00 price target on the stock. B. Riley’s price objective indicates a potential upside of 31.26% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods cut their target price on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Barclays lifted their price objective on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer began coverage on shares of Nayax in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Nayax currently has an average rating of “Hold” and an average price target of $30.00.

Nayax Trading Up 1.5 %

NYAX stock opened at $28.95 on Tuesday. The company has a market capitalization of $1.03 billion, a PE ratio of -93.39 and a beta of -0.08. Nayax has a 12 month low of $18.46 and a 12 month high of $30.99. The firm’s 50-day moving average is $26.39 and its 200 day moving average is $24.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same quarter last year, the firm posted ($0.09) EPS. On average, research analysts anticipate that Nayax will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC lifted its stake in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after acquiring an additional 2,266 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Nayax during the third quarter worth $69,000. Azora Capital LP raised its position in Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after acquiring an additional 4,724 shares during the period. Swedbank AB increased its position in Nayax by 107.6% during the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after purchasing an additional 107,559 shares during the last quarter. Finally, ARK Investment Management LLC increased its position in Nayax by 1.7% during the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after purchasing an additional 1,445 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.