Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $40.83, but opened at $38.50. Nayax shares last traded at $40.15, with a volume of 263 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have commented on NYAX shares. William Blair raised Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Jefferies Financial Group reissued a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. B. Riley reissued a "buy" rating and set a $47.00 price target (up from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Nayax from a "buy" rating to a "strong-buy" rating in a report on Saturday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.33.
Check Out Our Latest Analysis on NYAX
Nayax Trading Up 4.1%
The firm has a 50-day moving average price of $38.49 and a 200-day moving average price of $34.97. 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 stock has a market cap of $1.58 billion, a PE ratio of -143.54 and a beta of 0.13.
Nayax (NASDAQ:NYAX - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $81.11 million during the quarter, compared to analysts' expectations of $85.08 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. As a group, equities analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd boosted its position 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 buying an additional 354,350 shares during the last quarter. Swedbank AB raised its position in 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 buying an additional 92,441 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after buying an additional 89,886 shares during the last quarter. Ibex Investors LLC raised its position in Nayax by 19.3% in the 1st quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after buying an additional 67,276 shares during the last quarter. Finally, ARK Investment Management LLC purchased a new position in shares of Nayax during the first quarter valued at approximately $1,906,000. Hedge funds and other institutional investors own 34.87% of the company's stock.
Nayax Company Profile
(
Get Free Report)
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.
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