Nayax Ltd. (NASDAQ:NYAX – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $33.92, but opened at $32.53. Nayax shares last traded at $32.53, with a volume of 211 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on NYAX shares. Oppenheimer initiated coverage on Nayax in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Barclays upped their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. B. Riley began coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.25.
Get Our Latest Stock Analysis on Nayax
Nayax Price Performance
Nayax (NASDAQ:NYAX – Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same period in the prior year, the firm posted ($0.09) EPS. Equities research analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Nayax
Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC grew its position in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after acquiring an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Nayax in the third quarter worth about $69,000. Hood River Capital Management LLC increased its stake in Nayax by 35.8% in the 2nd quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock worth $116,000 after buying an additional 1,401 shares during the period. Altshuler Shaham Ltd purchased a new position in Nayax in the 2nd quarter worth about $1,010,000. Finally, ARK Investment Management LLC lifted its holdings in Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after buying an additional 1,445 shares in the last quarter. 34.87% of the stock is owned by institutional investors.
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.
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