Nayax Ltd. (NASDAQ:NYAX) Stock Holdings Lifted by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,183,988 shares of the company’s stock after purchasing an additional 354,350 shares during the period. Nayax makes up about 3.1% of Y.D. More Investments Ltd’s portfolio, making the stock its 8th biggest position. Y.D. More Investments Ltd owned approximately 3.34% of Nayax worth $34,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Swedbank AB raised its stake in shares of Nayax by 44.5% during the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after buying an additional 92,441 shares during the period. Barclays PLC lifted its position in Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Nayax in the 3rd quarter worth approximately $69,000. Azora Capital LP boosted its position in shares of Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after buying an additional 4,724 shares during the period. Finally, ARK Investment Management LLC grew its position in Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after acquiring an additional 1,445 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Analysts Set New Price Targets

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

Nayax Price Performance

NASDAQ NYAX opened at $39.88 on Wednesday. The company has a 50-day simple moving average of $31.16 and a 200-day simple moving average of $27.36. Nayax Ltd. has a one year low of $20.31 and a one year high of $39.97. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX) last released its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same period last year, the firm posted ($0.09) earnings per share. Equities analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current year.

Nayax Company Profile

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.