Nayax Ltd. (NASDAQ:NYAX) Given Average Recommendation of “Hold” by Brokerages

Nayax Ltd. (NASDAQ:NYAX) has received an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $34.75.

Several brokerages have recently commented on NYAX. B. Riley reissued 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, March 5th. Keefe, Bruyette & Woods raised their price target on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, March 6th.

Nayax Trading Down 3.1 %

NASDAQ:NYAX opened at $33.95 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. Nayax has a 1 year low of $20.31 and a 1 year high of $40.70. The stock has a fifty day moving average price of $36.86 and a two-hundred day moving average price of $31.16. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -109.51 and a beta of 0.08.

Institutional Investors Weigh In On Nayax

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after acquiring an additional 354,350 shares during the last quarter. Swedbank AB increased its position in Nayax by 107.6% during the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after purchasing an additional 107,559 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Nayax in the 4th quarter valued at about $1,581,000. Jane Street Group LLC purchased a new position in Nayax in the 4th quarter valued at about $351,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Nayax during the 4th quarter worth about $326,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Company Profile

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.