Nayax Ltd. (NASDAQ:NYAX) Given Average Recommendation of “Hold” by Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $47.3333.

NYAX has been the subject of a number of analyst reports. Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. UBS Group upped their price target on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Zacks Research downgraded shares of Nayax from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 20th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Nayax from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday, November 20th.

Nayax Stock Performance

NASDAQ NYAX opened at $49.70 on Wednesday. The company has a 50-day simple moving average of $44.45 and a two-hundred day simple moving average of $46.03. Nayax has a 12-month low of $28.80 and a 12-month high of $52.46. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 77.66 and a beta of 0.19. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75.

Nayax (NASDAQ:NYAX) last released its earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share 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 net margin of 6.49% and a return on equity of 6.51%. On average, equities analysts forecast that Nayax will post -0.16 EPS for the current year.

Institutional Trading of Nayax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NYAX. Bank of America Corp DE boosted its holdings in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Swiss National Bank boosted its stake in shares of Nayax by 17.6% during the 1st quarter. Swiss National Bank now owns 24,871 shares of the company’s stock valued at $838,000 after purchasing an additional 3,714 shares in the last quarter. Nuveen LLC purchased a new position in shares of Nayax during the first quarter valued at about $935,000. Bosun Asset Management LLC purchased a new position in shares of Nayax during the first quarter valued at about $332,000. Finally, Goldman Sachs Group Inc. raised its stake in Nayax by 43.9% in the first 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 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.