Nayax (NASDAQ:NYAX) Sets New 12-Month High – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) shares hit a new 52-week high on Friday . The stock traded as high as $37.19 and last traded at $32.20, with a volume of 1605 shares traded. The stock had previously closed at $33.17.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NYAX shares. Barclays boosted their price objective on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods raised their price objective on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Jefferies Financial Group upgraded Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. B. Riley initiated coverage on Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Oppenheimer assumed coverage on shares of Nayax in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Nayax Stock Down 3.1 %

The stock has a market capitalization of $1.14 billion, a PE ratio of -103.64 and a beta of -0.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The business has a 50 day moving average of $28.82 and a two-hundred day moving average of $25.77.

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

Institutional Trading of Nayax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its position in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Nayax in the third quarter valued at approximately $69,000. Hood River Capital Management LLC boosted its stake in shares of Nayax by 35.8% in the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after acquiring an additional 1,401 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Nayax in the 2nd quarter valued at $1,010,000. Finally, ARK Investment Management LLC lifted its holdings in Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,445 shares in the last quarter. Hedge funds and other 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.