Keefe, Bruyette & Woods Issues Positive Forecast for Nayax (NASDAQ:NYAX) Stock Price

Nayax (NASDAQ:NYAX) had its price target hoisted by Keefe, Bruyette & Woods from $33.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, B. Riley restated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.75.

Nayax Trading Down 2.2 %

NASDAQ:NYAX opened at $34.65 on Thursday. 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 firm has a market cap of $1.23 billion, a price-to-earnings ratio of -111.77 and a beta of 0.02. Nayax has a 52 week low of $20.31 and a 52 week high of $40.70. The firm has a 50-day moving average price of $35.96 and a two-hundred day moving average price of $29.81.

Hedge Funds Weigh In On Nayax

Several hedge funds and other institutional investors have recently modified their holdings of NYAX. Geode Capital Management LLC raised its stake in Nayax by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock worth $828,000 after buying an additional 650 shares in the last quarter. Baillie Gifford & Co. raised its stake in Nayax by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after buying an additional 1,161 shares in the last quarter. Bank of America Corp DE raised its stake in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,353 shares in the last quarter. ARK Investment Management LLC raised its stake in Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after buying an additional 1,445 shares in the last quarter. Finally, Barclays PLC raised its stake 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 buying an additional 2,266 shares in the last quarter. 34.87% of the stock is owned by institutional investors.

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.