Nayax (NASDAQ:NYAX) Hits New 1-Year High – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) reached a new 52-week high on Tuesday . The stock traded as high as $59.85 and last traded at $59.08, with a volume of 3045 shares trading hands. The stock had previously closed at $59.38.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. Wall Street Zen lowered shares of Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. UBS Group upped their price objective on shares of Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Nayax from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Friday, January 2nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Nayax has a consensus rating of “Hold” and a consensus price target of $49.00.

Nayax Stock Down 2.4%

The firm has a 50-day moving average price of $47.95 and a two-hundred day moving average price of $46.67. The company has a market capitalization of $2.05 billion, a P/E ratio of 90.53 and a beta of 0.14. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.75.

Nayax (NASDAQ:NYAX) last announced its earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Nayax had a return on equity of 6.51% and a net margin of 6.49%.The company had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. Equities research analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Hedge funds have recently made changes to their positions in the stock. Y.D. More Investments Ltd grew its position in Nayax by 6.6% during the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock worth $59,025,000 after buying an additional 72,751 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Nayax by 4,022.5% in the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after acquiring an additional 535,476 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after purchasing an additional 89,886 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Nayax by 57.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after purchasing an additional 72,354 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Nayax during the second quarter valued at approximately $2,649,000. Institutional investors 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.