Nayax Ltd. (NASDAQ:NYAX) Receives $49.00 Consensus PT from Analysts

Nayax Ltd. (NASDAQ:NYAX) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $51.6667.

NYAX has been the topic of several analyst reports. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $52.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, March 10th. UBS Group lifted their price objective 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. William Blair reissued an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Wall Street Zen lowered shares of Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd.

Hedge Funds Weigh In On Nayax

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $30,000 after acquiring an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new position in Nayax in the second quarter valued at about $33,000. Bank of America Corp DE boosted its holdings in Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after purchasing an additional 956 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in Nayax during the 4th quarter valued at approximately $69,000. Finally, Alliancebernstein L.P. acquired a new stake in Nayax during the 3rd quarter valued at approximately $128,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Trading Up 3.0%

Shares of NYAX opened at $59.69 on Monday. Nayax has a 12 month low of $32.38 and a 12 month high of $60.76. The stock’s 50-day moving average is $56.24 and its two-hundred day moving average is $49.79. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.26 and a quick ratio of 2.16. The stock has a market cap of $2.19 billion, a PE ratio of 62.83 and a beta of 0.19.

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.