Azora Capital LP Has $2.58 Million Holdings in Nayax Ltd. (NASDAQ:NYAX)

Azora Capital LP grew its holdings in Nayax Ltd. (NASDAQ:NYAX) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,685 shares of the company’s stock after buying an additional 4,724 shares during the period. Azora Capital LP owned 0.28% of Nayax worth $2,583,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Swedbank AB bought a new position in Nayax during the first quarter worth $2,620,000. Y.D. More Investments Ltd bought a new stake in shares of Nayax during the 2nd quarter worth about $14,790,000. Allspring Global Investments Holdings LLC acquired a new position in Nayax in the 2nd quarter valued at about $1,673,000. Baillie Gifford & Co. raised its holdings in Nayax by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock valued at $1,072,000 after acquiring an additional 616 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after acquiring an additional 115,262 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NYAX shares. Keefe, Bruyette & Woods lowered their target price on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Barclays increased their price objective on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Oppenheimer assumed coverage on shares of Nayax in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. B. Riley initiated coverage on shares of Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nayax presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Nayax Stock Down 0.4 %

Shares of NASDAQ NYAX opened at $29.63 on Monday. The stock has a market capitalization of $1.05 billion, a P/E ratio of -95.58 and a beta of -0.08. The stock’s fifty day moving average is $27.20 and its 200 day moving average is $24.84. Nayax Ltd. has a 52 week low of $18.46 and a 52 week high of $30.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm 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 period in the prior year, the company posted ($0.09) earnings per share. Sell-side analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Nayax Profile

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.