Swedbank AB Acquires 107,559 Shares of Nayax Ltd. (NASDAQ:NYAX)

Swedbank AB increased its holdings in shares of Nayax Ltd. (NASDAQ:NYAX) by 107.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 207,559 shares of the company’s stock after purchasing an additional 107,559 shares during the period. Swedbank AB’s holdings in Nayax were worth $5,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hood River Capital Management LLC lifted its stake in Nayax by 35.8% in the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after buying an additional 1,401 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nayax by 16.1% in the 2nd 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 in the last quarter. Ingalls & Snyder LLC acquired a new position in Nayax in the 2nd quarter worth $229,000. Altshuler Shaham Ltd bought a new position in Nayax during the 2nd quarter worth about $1,010,000. Finally, Baillie Gifford & Co. raised its stake in shares of Nayax by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock valued at $1,072,000 after purchasing an additional 616 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NYAX has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price objective on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Oppenheimer began coverage on shares of Nayax in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Barclays lifted their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, B. Riley assumed coverage on shares of Nayax in a research note on Tuesday, November 19th. They set a “buy” rating and a $38.00 price objective for the company. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Nayax has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Nayax Price Performance

NASDAQ:NYAX opened at $29.74 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Nayax Ltd. has a 12-month low of $18.46 and a 12-month high of $30.99. The stock’s 50 day moving average price is $27.02 and its two-hundred day moving average price is $24.86. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -95.93 and a beta of -0.08.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The business had revenue of $83.01 million during the quarter, compared to the consensus estimate of $88.40 million. During the same quarter last year, the firm posted ($0.09) EPS. On average, analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

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.