Nayax (NASDAQ:NYAX) Coverage Initiated at Barclays

Stock analysts at Barclays started coverage on shares of Nayax (NASDAQ:NYAXGet Free Report) in a report released on Wednesday, reports. The firm set an “equal weight” rating and a $27.00 price target on the stock. Barclays‘s price target would suggest a potential upside of 11.34% from the stock’s current price.

Separately, UBS Group began coverage on shares of Nayax in a report on Monday, April 29th. They issued a “neutral” rating and a $29.00 price objective for the company.

Check Out Our Latest Research Report on Nayax

Nayax Trading Down 5.1 %

Shares of Nayax stock opened at $24.25 on Wednesday. Nayax has a 12-month low of $17.52 and a 12-month high of $30.99. The company has a quick ratio of 1.27, a current ratio of 1.36 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $26.31 and a 200 day simple moving average of $23.70. The stock has a market capitalization of $796.54 million, a P/E ratio of -52.72 and a beta of 0.10.

Nayax (NASDAQ:NYAXGet Free Report) 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 net margin of 6.20% and a negative return on equity of 13.46%. The business had revenue of $66.60 million during the quarter, compared to analyst estimates of $67.50 million. Research analysts expect that Nayax will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Nayax

A number of hedge funds and other institutional investors have recently bought and sold shares of NYAX. Hood River Capital Management LLC bought a new stake in shares of Nayax in the 1st quarter worth about $102,000. Assenagon Asset Management S.A. purchased a new position in shares of Nayax in the third quarter worth $575,000. Baillie Gifford & Co. acquired a new stake in shares of Nayax in the first quarter worth $1,302,000. Swedbank AB purchased a new position in Nayax during the first quarter valued at approximately $2,620,000. Finally, Ibex Investors LLC boosted its stake in shares of Nayax by 0.5% during the 3rd quarter. Ibex Investors LLC now owns 303,640 shares of the company’s stock worth $7,031,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

About Nayax

(Get Free Report)

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.

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