Nayax Ltd. (NASDAQ:NYAX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, Marketbeat.com reports. One research 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 1 year target price among analysts that have issued a report on the stock in the last year is $49.00.

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

Hedge Funds Weigh In On Nayax

Several large investors have recently modified their holdings of the stock. Y.D. More Investments Ltd grew its position in Nayax by 6.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock valued at $59,025,000 after purchasing an additional 72,751 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after buying an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after buying an additional 89,886 shares during the last quarter. AltraVue Capital LLC bought a new stake in shares of Nayax during the fourth quarter valued at approximately $11,623,000. Finally, Assenagon Asset Management S.A. raised its holdings in Nayax by 57.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock worth $10,044,000 after acquiring an additional 72,354 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Nayax Stock Down 3.2%

Shares of NASDAQ:NYAX opened at $55.63 on Thursday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 86.92 and a beta of 0.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71. The stock has a 50 day moving average price of $53.73 and a 200-day moving average price of $48.54. Nayax has a 52-week low of $32.38 and a 52-week high of $60.76.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results 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 firm had revenue of $104.28 million during the quarter, compared to analysts’ expectations of $109.51 million. Nayax had a return on equity of 6.51% and a net margin of 6.49%. As a group, equities research analysts anticipate that Nayax will post -0.16 EPS for the current fiscal year.

About Nayax

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.