Analysts Set Nayax Ltd. (NASDAQ:NYAX) Target Price at $38.33

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $38.33.

A number of research firms have weighed in on NYAX. B. Riley restated a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. William Blair upgraded shares of Nayax from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 1st. Jefferies Financial Group restated a “buy” rating on shares of Nayax in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of Nayax from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 1st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, May 14th.

Nayax Stock Down 1.6%

Shares of Nayax stock opened at $50.71 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.67. The company has a 50-day moving average of $44.23 and a 200 day moving average of $38.45. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 281.74 and a beta of 0.24. Nayax has a 1 year low of $20.31 and a 1 year high of $52.46.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $81.11 million during the quarter, compared to the consensus estimate of $85.08 million. Nayax had a return on equity of 0.23% and a net margin of 1.96%. As a group, sell-side analysts anticipate that Nayax will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Nayax

A number of large investors have recently made changes to their positions in NYAX. Goldman Sachs Group Inc. grew its stake in shares of Nayax by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares during the period. Ibex Investors LLC grew its stake in shares of Nayax by 19.3% in the first quarter. Ibex Investors LLC now owns 416,015 shares of the company’s stock worth $14,039,000 after acquiring an additional 67,276 shares during the period. ARK Investment Management LLC bought a new stake in shares of Nayax in the first quarter worth approximately $1,906,000. JPMorgan Chase & Co. bought a new stake in shares of Nayax in the fourth quarter worth approximately $1,581,000. Finally, Nuveen LLC purchased a new position in shares of Nayax in the first quarter worth approximately $935,000. 34.87% of the stock is currently owned by institutional investors.

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.