Geode Capital Management LLC Boosts Holdings in Nayax Ltd. (NASDAQ:NYAX)

Geode Capital Management LLC lifted its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 2.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,976 shares of the company’s stock after buying an additional 650 shares during the period. Geode Capital Management LLC’s holdings in Nayax were worth $828,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd grew its holdings 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 acquiring an additional 354,350 shares during the period. Swedbank AB raised its holdings in Nayax by 44.5% in the fourth quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after purchasing an additional 92,441 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Nayax during the fourth quarter valued at $1,581,000. Baillie Gifford & Co. boosted its holdings in shares of Nayax by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock valued at $1,517,000 after buying an additional 1,161 shares in the last quarter. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Nayax in the 4th quarter worth about $326,000. 34.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NYAX. Keefe, Bruyette & Woods boosted their price objective on shares of Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, March 6th. B. Riley reissued a “buy” rating and issued a $44.00 price target (up from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Finally, William Blair upgraded Nayax from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

Nayax Stock Down 1.1 %

Shares of Nayax stock opened at $40.70 on Friday. The stock has a market capitalization of $1.44 billion, a PE ratio of -131.29 and a beta of 0.23. Nayax Ltd. has a 52-week low of $20.31 and a 52-week high of $42.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The company has a 50-day simple moving average of $36.62 and a two-hundred day simple moving average of $33.23.

Nayax Company Profile

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.