Nayax Ltd. $NYAX is Y.D. More Investments Ltd’s 10th Largest Position

Y.D. More Investments Ltd lessened its position in Nayax Ltd. (NASDAQ:NYAX) by 30.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 813,331 shares of the company’s stock after selling 357,596 shares during the quarter. Nayax makes up 2.2% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 10th largest holding. Y.D. More Investments Ltd’s holdings in Nayax were worth $38,934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Nayax during the 2nd quarter worth approximately $340,000. Savant Capital LLC acquired a new stake in Nayax during the 2nd quarter worth approximately $433,000. Finally, Geode Capital Management LLC boosted its position in Nayax by 19.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after buying an additional 5,523 shares during the period. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NYAX shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. UBS Group lifted their price target on Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Keefe, Bruyette & Woods upped their price target on shares of Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, January 2nd. Finally, Wall Street Zen lowered shares of Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $49.00.

Nayax Stock Performance

NASDAQ NYAX traded down $1.53 during midday trading on Friday, hitting $54.10. The company had a trading volume of 479 shares, compared to its average volume of 11,073. The firm has a fifty day simple moving average of $53.87 and a two-hundred day simple moving average of $48.58. Nayax Ltd. has a fifty-two week low of $32.38 and a fifty-two week high of $60.76. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 84.53 and a beta of 0.14.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). The firm had revenue of $104.28 million for the quarter, compared to analyst estimates of $109.51 million. Nayax had a return on equity of 6.51% and a net margin of 6.49%. Equities analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.