Nayax (NASDAQ:NYAX) Rating Increased to Outperform at William Blair

Nayax (NASDAQ:NYAX) was upgraded by stock analysts at William Blair from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, MarketBeat reports.

Several other brokerages have also recently weighed in on NYAX. B. Riley reiterated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price target on shares of Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.75.

Nayax Price Performance

Shares of NYAX opened at $33.85 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Nayax has a twelve month low of $20.31 and a twelve month high of $40.70. The company has a market capitalization of $1.20 billion, a P/E ratio of -109.19 and a beta of 0.08. The firm has a 50 day moving average of $36.83 and a 200 day moving average of $31.23.

Institutional Investors Weigh In On Nayax

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares in the last quarter. Barclays PLC boosted its position in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Nayax in the 3rd quarter valued at about $69,000. Citadel Advisors LLC purchased a new stake in shares of Nayax in the 4th quarter valued at approximately $217,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Nayax in the 4th quarter valued at about $326,000. 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.