Nayax (NASDAQ:NYAX) Stock Price Up 0.3% – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) shares shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $28.80 and last traded at $28.80. 3,898 shares changed hands during trading, a decline of 55% from the average session volume of 8,625 shares. The stock had previously closed at $28.71.

Wall Street Analyst Weigh In

NYAX has been the topic of a number of recent research reports. Oppenheimer assumed coverage on shares of Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Barclays upped their price target 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. Keefe, Bruyette & Woods raised their price objective on Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a research report on Monday, December 9th. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, B. Riley began coverage on Nayax in a report on Tuesday, November 19th. They set a “buy” rating and a $38.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.25.

Nayax Stock Up 1.6 %

The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -94.06 and a beta of -0.07. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $28.28 and a two-hundred day moving average price of $25.38.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The firm had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. During the same quarter last year, the firm earned ($0.09) EPS. As a group, sell-side analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NYAX. Allspring Global Investments Holdings LLC bought a new position in shares of Nayax during the second quarter worth about $1,673,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after buying an additional 1,099 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Nayax in the 2nd quarter worth approximately $14,790,000. Altshuler Shaham Ltd bought a new stake in shares of Nayax in the 2nd quarter valued at approximately $1,010,000. Finally, Hood River Capital Management LLC raised its position in shares of Nayax by 35.8% during the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after acquiring an additional 1,401 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

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.