Nayax (NASDAQ:NYAX) Shares Gap Down – Here’s Why

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $36.13, but opened at $35.21. Nayax shares last traded at $35.37, with a volume of 197 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a report on Thursday, March 6th. B. Riley reissued a “buy” rating and set a $44.00 price target (up from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Nayax currently has a consensus rating of “Hold” and an average price target of $34.75.

Nayax Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The firm has a market cap of $1.25 billion, a PE ratio of -114.09 and a beta of 0.08. The stock’s 50 day simple moving average is $36.50 and its 200 day simple moving average is $30.19.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd increased its stake in shares of Nayax by 42.7% during the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after purchasing an additional 354,350 shares in the last quarter. Swedbank AB lifted its stake in shares of Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after purchasing an additional 92,441 shares during the period. Azora Capital LP boosted its stake in shares of Nayax by 4.9% during the 3rd 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 last quarter. JPMorgan Chase & Co. purchased a new stake in Nayax in the fourth quarter worth about $1,581,000. Finally, Baillie Gifford & Co. raised its stake in Nayax by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after acquiring an additional 1,161 shares during the period. 34.87% of the stock is 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.