Nayax Ltd. (NASDAQ:NYAX) Holdings Cut by ARK Investment Management LLC

ARK Investment Management LLC reduced its stake in Nayax Ltd. (NASDAQ:NYAX) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 94,860 shares of the company’s stock after selling 3,121 shares during the quarter. ARK Investment Management LLC’s holdings in Nayax were worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in Nayax during the 1st quarter valued at approximately $11,667,000. Ibex Investors LLC lifted its stake in Nayax by 353.8% in the second quarter. Ibex Investors LLC now owns 302,140 shares of the company’s stock valued at $5,709,000 after buying an additional 235,562 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of Nayax during the third quarter valued at $1,107,000. UBS Group AG bought a new position in shares of Nayax during the third quarter worth about $1,072,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Nayax in the 3rd quarter worth about $575,000. 34.87% of the stock is owned by institutional investors.

Nayax Stock Up 0.1 %

Shares of NASDAQ:NYAX opened at $26.05 on Thursday. Nayax Ltd. has a fifty-two week low of $16.38 and a fifty-two week high of $30.99. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $25.67 and its 200 day moving average price is $22.14.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%. The business had revenue of $66.60 million for the quarter, compared to analyst estimates of $67.50 million. On average, research analysts predict that Nayax Ltd. will post 0.08 earnings per share for the current fiscal year.

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.