Nayax Ltd. (NASDAQ:NYAX) Given Average Recommendation of “Hold” by Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $49.00.

A number of equities analysts have issued reports on NYAX shares. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price target on Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Friday, January 2nd. UBS Group increased their price target on Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Finally, Wall Street Zen cut Nayax from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd.

Institutional Investors Weigh In On Nayax

Institutional investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC increased its stake in Nayax by 2.4% in the 4th quarter. ARK Investment Management LLC now owns 44,143 shares of the company’s stock valued at $2,230,000 after buying an additional 1,026 shares during the last quarter. AltraVue Capital LLC bought a new position in shares of Nayax in the fourth quarter valued at approximately $11,623,000. Geode Capital Management LLC increased its position in shares of Nayax by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after acquiring an additional 715 shares during the last quarter. Legato Capital Management LLC bought a new stake in Nayax during the fourth quarter worth $1,072,000. Finally, UBS Group AG boosted its position in Nayax by 12,665.1% in the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock worth $2,907,000 after purchasing an additional 56,993 shares during the last quarter. 34.87% of the stock is owned by institutional investors.

Nayax Stock Performance

NASDAQ NYAX opened at $57.51 on Thursday. The company has a market cap of $2.04 billion, a P/E ratio of 89.86 and a beta of 0.14. The company has a fifty day simple moving average of $52.66 and a 200 day simple moving average of $48.09. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.75. Nayax has a 12-month low of $32.38 and a 12-month high of $60.76.

Nayax (NASDAQ:NYAX) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). The business had revenue of $104.28 million for the quarter, compared to analyst estimates of $109.51 million. Nayax had a return on equity of 6.51% and a net margin of 6.49%. Sell-side analysts predict that Nayax will post -0.16 earnings per share for the current fiscal year.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.