Analysts Set Nayax Ltd. (NASDAQ:NYAX) Target Price at $49.00

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $49.00.

NYAX has been the topic of several research reports. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research report on Thursday. UBS Group lifted their price objective on Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Wall Street Zen cut shares of Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Friday, January 2nd.

Nayax Trading Up 1.3%

NASDAQ NYAX opened at $61.06 on Friday. Nayax has a 12 month low of $32.38 and a 12 month high of $60.77. The company’s 50-day moving average price is $49.42 and its 200-day moving average price is $47.01. The stock has a market cap of $2.17 billion, a PE ratio of 95.41 and a beta of 0.14. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.75.

Nayax (NASDAQ:NYAX) last issued its earnings results on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The company had revenue of $104.28 million during the quarter, compared to the consensus estimate of $109.51 million. Nayax had a return on equity of 6.51% and a net margin of 6.49%. Equities research analysts forecast that Nayax will post -0.16 earnings per share for the current year.

Institutional Trading of Nayax

A number of hedge funds have recently bought and sold shares of NYAX. Y.D. More Investments Ltd increased its holdings in shares of Nayax by 3.2% in the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock valued at $42,399,000 after acquiring an additional 26,146 shares during the period. Ascent Group LLC purchased a new position in Nayax in the fourth quarter valued at about $206,000. Assenagon Asset Management S.A. raised its holdings in Nayax by 57.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock worth $10,044,000 after purchasing an additional 72,354 shares in the last quarter. Citadel Advisors LLC bought a new position in Nayax in the third quarter worth about $223,000. Finally, Bank of America Corp DE boosted its holdings in shares of Nayax by 254.9% in the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after buying an additional 956 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.