Nayax (NASDAQ:NYAX) PT Lowered to $23.00 at Barclays

Nayax (NASDAQ:NYAXFree Report) had its price objective lowered by Barclays from $27.00 to $23.00 in a research report released on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also recently issued reports on NYAX. Keefe, Bruyette & Woods began coverage on shares of Nayax in a research report on Monday, June 17th. They issued a market perform rating and a $27.00 price target for the company. UBS Group began coverage on shares of Nayax in a research report on Monday, April 29th. They issued a neutral rating and a $29.00 price target for the company.

View Our Latest Analysis on NYAX

Nayax Price Performance

Shares of NASDAQ:NYAX opened at $22.30 on Monday. The company has a market cap of $732.49 million, a price-to-earnings ratio of -48.48 and a beta of 0.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.36 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $23.02 and a 200 day simple moving average of $24.96. Nayax has a one year low of $18.46 and a one year high of $30.99.

Nayax (NASDAQ:NYAXGet Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.13). Nayax had a negative net margin of 6.20% and a negative return on equity of 13.46%. The business had revenue of $63.96 million during the quarter, compared to analyst estimates of $70.93 million. Research analysts predict that Nayax will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Large investors have recently modified their holdings of the company. Hood River Capital Management LLC acquired a new stake in shares of Nayax during the first quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after buying an additional 1,099 shares during the period. Ingalls & Snyder LLC acquired a new stake in Nayax in the second quarter worth $229,000. Baillie Gifford & Co. acquired a new stake in Nayax in the first quarter worth $1,302,000. Finally, Assenagon Asset Management S.A. grew its holdings in Nayax by 152.9% in the first quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock worth $1,655,000 after purchasing an additional 37,853 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Company Profile

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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.

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