Brokerages Set Nayax Ltd. (NASDAQ:NYAX) PT at $49.00

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given an average rating of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $51.6667.

Several research analysts have recently weighed in on NYAX shares. UBS Group upped their price target on shares of Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Wall Street Zen lowered shares of Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their target price on shares of Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th.

Nayax Price Performance

NASDAQ NYAX opened at $58.12 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.62 and a current ratio of 2.26. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 61.18 and a beta of 0.19. The business has a 50 day simple moving average of $55.94 and a 200 day simple moving average of $49.61. Nayax has a 52-week low of $32.38 and a 52-week high of $60.76.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in Nayax by 210.5% in the 2nd 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 last quarter. Osaic Holdings Inc. acquired a new position in Nayax during the 2nd quarter worth approximately $33,000. Bank of America Corp DE grew its stake in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in shares of Nayax during the 4th quarter worth approximately $69,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Nayax in the third quarter valued at approximately $128,000. 34.87% of the stock is currently owned by institutional investors.

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.