Nayax (NASDAQ:NYAX) Shares Gap Up – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX)’s share price gapped up before the market opened on Monday . The stock had previously closed at $33.08, but opened at $34.20. Nayax shares last traded at $35.01, with a volume of 8,488 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on NYAX shares. Barclays lifted their price objective on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. B. Riley assumed coverage on shares of Nayax in a research note on Tuesday, November 19th. They set a “buy” rating and a $38.00 price objective on the stock. Oppenheimer assumed coverage on shares of Nayax in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Nayax has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Nayax Trading Up 5.7 %

The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -112.74 and a beta of -0.03. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average price is $30.11 and its two-hundred day moving average price is $26.77.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The firm had revenue of $83.01 million for the quarter, compared to analysts’ expectations of $88.40 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, equities analysts predict that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nayax

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Nayax during the 3rd quarter worth approximately $69,000. ARK Investment Management LLC grew its holdings in Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after acquiring an additional 1,445 shares during the last quarter. Azora Capital LP increased its position in Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after acquiring an additional 4,724 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after acquiring an additional 115,262 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

About Nayax

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.