Y.D. More Investments Ltd Buys 26,146 Shares of Nayax Ltd. $NYAX

Y.D. More Investments Ltd increased its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 839,477 shares of the company’s stock after purchasing an additional 26,146 shares during the period. Nayax accounts for 2.0% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 11th largest position. Y.D. More Investments Ltd’s holdings in Nayax were worth $42,399,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Osaic Holdings Inc. bought a new position in shares of Nayax in the second quarter valued at approximately $33,000. Bank of America Corp DE grew its stake in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Nayax during the 3rd quarter worth approximately $128,000. Finally, Ascent Group LLC bought a new stake in Nayax during the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NYAX. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $52.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, March 10th. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. William Blair restated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.67.

Nayax Stock Up 1.6%

Shares of NASDAQ:NYAX opened at $58.00 on Monday. The firm has a market capitalization of $2.12 billion, a PE ratio of 61.05 and a beta of 0.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.16 and a current ratio of 2.26. Nayax Ltd. has a 52-week low of $32.38 and a 52-week high of $61.65. The firm has a fifty day moving average of $56.52 and a 200 day moving average of $50.67.

Nayax (NASDAQ:NYAX) last released its quarterly earnings results on Monday, March 9th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Nayax had a return on equity of 11.60% and a net margin of 8.87%.The business had revenue of $119.45 million for the quarter, compared to the consensus estimate of $120.13 million. As a group, research analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Nayax 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.