Y.D. More Investments Ltd Decreases Stock Holdings in Nayax Ltd. $NYAX

Y.D. More Investments Ltd trimmed its holdings in Nayax Ltd. (NASDAQ:NYAX) by 30.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 813,331 shares of the company’s stock after selling 357,596 shares during the quarter. Nayax makes up approximately 2.2% of Y.D. More Investments Ltd’s holdings, making the stock its 10th biggest position. Y.D. More Investments Ltd owned 2.29% of Nayax worth $38,934,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Nayax by 4,022.5% during the third 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 last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Nayax by 10.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock worth $355,000 after purchasing an additional 693 shares in the last quarter. Osaic Holdings Inc. bought a new position in shares of Nayax during the 2nd quarter valued at about $33,000. Bosun Asset Management LLC grew its position in shares of Nayax by 28.8% during the second quarter. Bosun Asset Management LLC now owns 12,634 shares of the company’s stock valued at $635,000 after purchasing an additional 2,828 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Nayax in the second quarter worth about $2,649,000. Institutional investors own 34.87% of the company’s stock.

Nayax Price Performance

Shares of NASDAQ:NYAX traded down $1.53 during midday trading on Friday, hitting $54.10. The company had a trading volume of 479 shares, compared to its average volume of 11,073. The business’s 50-day simple moving average is $53.87 and its 200-day simple moving average is $48.58. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 84.53 and a beta of 0.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.62. Nayax Ltd. has a twelve month low of $32.38 and a twelve month high of $60.76.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 net margin of 6.49% and a return on equity of 6.51%. On average, research analysts predict that Nayax Ltd. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen cut Nayax from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. UBS Group upped their target price on 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 upped their price objective on Nayax from $47.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, January 2nd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

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.