Nayax (NASDAQ:NYAX) Shares Gap Up – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) gapped up before the market opened on Monday . The stock had previously closed at $33.08, but opened at $34.20. Nayax shares last traded at $35.01, with a volume of 8,488 shares.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. B. Riley began coverage on shares of Nayax in a research note on Tuesday, November 19th. They set a “buy” rating and a $38.00 target price on the stock. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Barclays increased 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. Oppenheimer initiated coverage on shares of Nayax in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods raised their price target on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Nayax Stock Up 5.7 %

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 stock has a fifty day moving average of $30.36 and a 200-day moving average of $26.94.

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

Hedge Funds Weigh In On Nayax

Several hedge funds have recently added to or reduced their stakes in NYAX. Y.D. More Investments Ltd boosted its holdings in shares of Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after buying an additional 354,350 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Nayax by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after acquiring an additional 115,262 shares in the last quarter. Swedbank AB increased its position in shares of 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 in the last quarter. Azora Capital LP boosted its position in shares of Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after purchasing an additional 4,724 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Nayax during the 3rd quarter worth approximately $69,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Company 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.