Nayax (NASDAQ:NYAX) Price Target Raised to $40.00 at Keefe, Bruyette & Woods

Nayax (NASDAQ:NYAX) had its target price raised by Keefe, Bruyette & Woods from $38.00 to $40.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

NYAX has been the subject of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Nayax in a research note on Tuesday. William Blair upgraded Nayax from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 1st. Finally, B. Riley restated a “buy” rating and issued a $47.00 target price (up previously from $44.00) on shares of Nayax in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.33.

Nayax Price Performance

NYAX stock opened at $40.64 on Wednesday. The business’s fifty day moving average price is $37.39 and its 200 day moving average price is $34.13. Nayax has a 12-month low of $20.31 and a 12-month high of $42.85. The company has a market capitalization of $1.44 billion, a PE ratio of -131.09 and a beta of 0.13. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX) last announced its earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $81.11 million for the quarter, compared to analysts’ expectations of $85.08 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. On average, sell-side analysts anticipate that Nayax will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently made changes to their positions in NYAX. Y.D. More Investments Ltd raised its stake in shares of Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after buying an additional 354,350 shares in the last quarter. Hood River Capital Management LLC boosted its position in shares of Nayax by 144.6% in the fourth quarter. Hood River Capital Management LLC now owns 14,118 shares of the company’s stock worth $412,000 after acquiring an additional 8,346 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Nayax during the fourth quarter worth about $1,581,000. Barclays PLC increased its position in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Swedbank AB lifted its position in Nayax by 44.5% during the fourth quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after buying an additional 92,441 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.