Nayax Ltd. (NASDAQ:NYAX) Receives $27.33 Consensus Target Price from Brokerages

Nayax Ltd. (NASDAQ:NYAX) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Four 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. The average 12-month target price among analysts that have issued a report on the stock in the last year is $30.00.

Several research firms have recently issued reports on NYAX. Oppenheimer began coverage on Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods lowered their price objective on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Barclays upped their price objective on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, B. Riley began coverage on Nayax in a research note on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective for the company.

Institutional Trading of Nayax

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after buying an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the 3rd quarter worth approximately $69,000. Hood River Capital Management LLC bought a new position in shares of Nayax during the 1st quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after buying an additional 1,099 shares in the last quarter. Finally, Ingalls & Snyder LLC bought a new position in shares of Nayax during the 2nd quarter worth approximately $229,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Stock Up 2.0 %

Shares of NASDAQ NYAX opened at $29.26 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -94.38 and a beta of -0.08. Nayax has a 12 month low of $18.46 and a 12 month high of $30.99. The stock has a 50-day moving average price of $26.84 and a two-hundred day moving average price of $24.82.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $83.01 million during the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. As a group, analysts forecast that Nayax will post -0.16 earnings per share for the current fiscal year.

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.