Nayax Ltd. (NASDAQ:NYAX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.25.

A number of brokerages recently issued reports on NYAX. B. Riley assumed coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods increased their price target on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, December 9th.

Nayax Stock Performance

Nayax stock opened at $37.15 on Thursday. The business’s 50-day moving average price is $35.51 and its two-hundred day moving average price is $29.65. The stock has a market cap of $1.32 billion, a PE ratio of -119.83 and a beta of 0.02. Nayax has a 12-month low of $20.31 and a 12-month high of $40.70. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Nayax

Several hedge funds and other institutional investors have recently bought and sold shares of NYAX. Y.D. More Investments Ltd increased its position in Nayax by 42.7% in the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after buying an additional 354,350 shares in the last quarter. Swedbank AB lifted its stake in shares of Nayax by 44.5% in the fourth quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after buying an additional 92,441 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after buying an additional 115,262 shares during the last quarter. Azora Capital LP raised its holdings in shares of Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after acquiring an additional 4,724 shares during the last quarter. Finally, ARK Investment Management LLC lifted its position in Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after acquiring an additional 1,445 shares in the last quarter. 34.87% of the stock is 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.