Nayax (NASDAQ:NYAX) Shares Gap Up – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) shares gapped up before the market opened on Tuesday . The stock had previously closed at $33.52, but opened at $34.98. Nayax shares last traded at $34.78, with a volume of 4,560 shares trading hands.

Analyst Upgrades and Downgrades

NYAX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, March 6th. B. Riley reaffirmed a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Nayax currently has a consensus rating of “Hold” and an average target price of $34.75.

Nayax Stock Up 0.7 %

The company has a market capitalization of $1.23 billion, a P/E ratio of -112.17 and a beta of 0.08. The company has a 50-day moving average of $36.88 and a two-hundred day moving average of $30.87. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Institutional Trading of Nayax

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares in the last quarter. Barclays PLC grew its holdings 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 purchasing an additional 2,266 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the third quarter valued at approximately $69,000. Citadel Advisors LLC bought a new position in shares of Nayax during the fourth quarter valued at approximately $217,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Nayax during the fourth quarter valued at approximately $326,000. 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.