Nayax (NASDAQ:NYAX) Upgraded to Buy at Jefferies Financial Group

Nayax (NASDAQ:NYAX) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Wednesday, Benzinga reports.

A number of other equities analysts have also commented on NYAX. Keefe, Bruyette & Woods reduced their price target on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Oppenheimer initiated coverage on Nayax in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Barclays raised their price target on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.33.

Nayax Trading Down 1.8 %

NASDAQ:NYAX opened at $28.93 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 1.17. Nayax has a 12-month low of $18.46 and a 12-month high of $30.99. The firm has a 50-day moving average price of $25.38 and a 200 day moving average price of $24.63.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Nayax had a negative return on equity of 11.18% and a negative net margin of 5.34%. The company had revenue of $78.09 million for the quarter, compared to analyst estimates of $78.10 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Equities research analysts predict that Nayax will post -0.23 earnings per share for the current year.

Institutional Trading of Nayax

Several hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. bought a new position in Nayax in the 1st quarter worth approximately $1,302,000. Swedbank AB acquired a new stake in shares of Nayax in the 1st quarter valued at $2,620,000. Y.D. More Investments Ltd bought a new stake in shares of Nayax during the second quarter worth $14,790,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Nayax during the second quarter valued at $1,673,000. Finally, Altshuler Shaham Ltd bought a new position in Nayax in the second quarter valued at about $1,010,000. 34.87% of the stock is owned by 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.