B. Riley Begins Coverage on Nayax (NASDAQ:NYAX)

Stock analysts at B. Riley initiated coverage on shares of Nayax (NASDAQ:NYAX) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $38.00 price target on the stock. B. Riley’s price target suggests a potential upside of 39.30% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods decreased their price objective on shares of 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 target price on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Oppenheimer initiated coverage on Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nayax currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Nayax Stock Down 2.9 %

Shares of NASDAQ NYAX opened at $27.28 on Tuesday. The stock has a market capitalization of $967.35 million, a price-to-earnings ratio of -90.48 and a beta of -0.08. Nayax has a 12-month low of $18.46 and a 12-month high of $30.99. 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 firm’s 50-day moving average price is $26.56 and its 200-day moving average price is $24.84.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The firm had revenue of $83.01 million during the quarter, compared to analysts’ expectations of $88.40 million. During the same quarter in the previous year, the business earned ($0.09) EPS. On average, equities research analysts anticipate that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NYAX. Barclays PLC lifted its stake in Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after acquiring an additional 2,266 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Nayax in the 3rd quarter worth $69,000. Hood River Capital Management LLC purchased a new stake in shares of Nayax during the 1st quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Ingalls & Snyder LLC purchased a new position in Nayax in the second quarter valued at about $229,000. Institutional investors own 34.87% of the company’s stock.

About Nayax

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.