Nayax (NASDAQ:NYAX) Price Target Raised to $60.00

Nayax (NASDAQ:NYAX) had its price target upped by Keefe, Bruyette & Woods from $52.00 to $60.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other equities analysts also recently issued reports about the stock. UBS Group increased their price objective on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. William Blair restated an “outperform” rating on shares of Nayax in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. Finally, Wall Street Zen downgraded Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Nayax currently has a consensus rating of “Hold” and an average target price of $51.67.

Nayax Trading Down 0.3%

NASDAQ NYAX opened at $57.94 on Tuesday. Nayax has a one year low of $32.38 and a one year high of $60.76. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.62 and a current ratio of 2.26. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 60.99 and a beta of 0.19. The company’s 50-day simple moving average is $56.09 and its two-hundred day simple moving average is $49.67.

Hedge Funds Weigh In On Nayax

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in Nayax by 9.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after purchasing an additional 330 shares in the last quarter. Russell Investments Group Ltd. grew its position in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Nayax by 8.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock valued at $407,000 after purchasing an additional 594 shares in the last quarter. Osaic Holdings Inc. acquired a new position in Nayax during the 2nd quarter valued at approximately $33,000. Finally, Geode Capital Management LLC raised its holdings in shares of Nayax by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock worth $1,825,000 after buying an additional 715 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.