Swedbank AB Increases Holdings in Nayax Ltd. (NASDAQ:NYAX)

Swedbank AB grew its holdings in shares of Nayax Ltd. (NASDAQ:NYAX) by 107.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 207,559 shares of the company’s stock after acquiring an additional 107,559 shares during the quarter. Swedbank AB’s holdings in Nayax were worth $5,233,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Nayax in the 1st quarter valued at approximately $9,170,000. Baillie Gifford & Co. purchased a new stake in Nayax during the 1st quarter valued at $1,302,000. Hood River Capital Management LLC bought a new stake in Nayax in the first quarter worth $102,000. Allspring Global Investments Holdings LLC purchased a new position in Nayax during the second quarter worth $1,673,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased 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 acquiring an additional 1,099 shares during the last quarter. Institutional investors own 34.87% of the company’s stock.

Nayax Stock Up 1.1 %

NASDAQ NYAX opened at $26.68 on Friday. Nayax Ltd. has a 12 month low of $18.46 and a 12 month high of $30.99. The company’s 50-day moving average price is $24.69 and its 200-day moving average price is $24.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.25.

Nayax (NASDAQ:NYAX) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Nayax had a negative return on equity of 11.18% and a negative net margin of 5.34%. The company had revenue of $78.09 million during the quarter, compared to the consensus estimate of $78.10 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, sell-side analysts expect that Nayax Ltd. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Oppenheimer started coverage on shares of Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, 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.

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.