Keefe, Bruyette & Woods Boosts Nayax (NASDAQ:NYAX) Price Target to $52.00

Nayax (NASDAQ:NYAX) had its price objective upped by analysts at Keefe, Bruyette & Woods from $47.00 to $52.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 2.24% from the stock’s previous close.

A number of other research analysts also recently commented on NYAX. Wall Street Zen downgraded Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. UBS Group increased their price objective on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Nayax presently has a consensus rating of “Hold” and an average target price of $49.00.

Nayax Price Performance

Shares of NYAX traded up $0.26 during midday trading on Friday, hitting $50.86. 6,726 shares of the company traded hands, compared to its average volume of 5,482. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 79.47 and a beta of 0.14. The firm has a 50 day moving average of $44.70 and a 200-day moving average of $46.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71. Nayax has a 52 week low of $29.50 and a 52 week high of $52.46.

Nayax (NASDAQ:NYAX) last posted its earnings results on Wednesday, November 19th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, analysts forecast that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NYAX. Bank of America Corp DE lifted its holdings in Nayax by 920.4% in 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 during the period. Bosun Asset Management LLC purchased a new position in shares of Nayax during the 1st quarter valued at approximately $332,000. Goldman Sachs Group Inc. lifted its stake in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares during the period. Ascent Group LLC purchased a new stake in Nayax during the second quarter worth $220,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Nayax during the second quarter valued at $340,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.