Nayax’s (NYAX) Buy Rating Reaffirmed at B. Riley

B. Riley reiterated their buy rating on shares of Nayax (NASDAQ:NYAX) in a research report released on Wednesday,Benzinga reports. B. Riley currently has a $44.00 target price on the stock, up from their prior target price of $42.00.

Separately, Keefe, Bruyette & Woods raised their price target on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.75.

Nayax Stock Performance

NASDAQ NYAX opened at $35.42 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The business has a 50 day moving average price of $35.83 and a 200 day moving average price of $29.78. The company has a market capitalization of $1.26 billion, a P/E ratio of -114.25 and a beta of 0.02. Nayax has a 1-year low of $20.31 and a 1-year high of $40.70.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently made changes to their positions in NYAX. Bank of America Corp DE boosted its holdings in shares of Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the last quarter. Barclays PLC boosted its holdings in shares of Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Nayax during the third quarter worth $69,000. Citadel Advisors LLC acquired a new stake in shares of Nayax during the fourth quarter worth $217,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Nayax during the fourth quarter worth $326,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.