Nayax Ltd. (NASDAQ:NYAX) Given Average Rating of “Hold” by Analysts

Nayax Ltd. (NASDAQ:NYAX) has received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $51.6667.

Several research analysts have issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Keefe, Bruyette & Woods upped their price objective on Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd.

Nayax Stock Down 0.7%

NASDAQ:NYAX opened at $58.39 on Friday. The stock’s fifty day moving average price is $56.51 and its two-hundred day moving average price is $50.83. Nayax has a 52-week low of $33.19 and a 52-week high of $61.65. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.16 and a current ratio of 2.26. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 61.46 and a beta of 0.10.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Nayax had a return on equity of 11.60% and a net margin of 8.87%.The firm had revenue of $119.45 million for the quarter, compared to the consensus estimate of $120.13 million. On average, analysts anticipate that Nayax will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NYAX. Assenagon Asset Management S.A. raised its position in shares of Nayax by 57.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock valued at $10,044,000 after acquiring an additional 72,354 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Nayax by 3.2% during the 4th quarter. Y.D. More Investments Ltd now owns 839,477 shares of the company’s stock valued at $42,399,000 after acquiring an additional 26,146 shares during the last quarter. Bank of America Corp DE raised its position in shares of Nayax by 254.9% during the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after acquiring an additional 956 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of Nayax during the 2nd quarter valued at $33,000. Finally, Russell Investments Group Ltd. raised its position in shares of Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Company Profile

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.