Baillie Gifford & Co. Grows Stake in Nayax Ltd. (NASDAQ:NYAX)

Baillie Gifford & Co. grew its holdings in shares of Nayax Ltd. (NASDAQ:NYAX) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,247 shares of the company’s stock after acquiring an additional 1,161 shares during the period. Baillie Gifford & Co.’s holdings in Nayax were worth $1,517,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NYAX. Barclays PLC grew 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 acquiring an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Nayax during the third quarter valued at approximately $69,000. ARK Investment Management LLC raised its holdings in shares of Nayax by 1.7% during the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after buying an additional 1,445 shares during the last quarter. Azora Capital LP raised its holdings in shares of Nayax by 4.9% during the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after buying an additional 4,724 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after purchasing an additional 115,262 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Trading Up 0.6 %

Nayax stock opened at $39.78 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -128.32 and a beta of 0.02. Nayax Ltd. has a 1 year low of $20.31 and a 1 year high of $40.70. The firm’s 50 day moving average price is $33.31 and its two-hundred day moving average price is $28.53.

Analyst Upgrades and Downgrades

NYAX has been the topic of several recent analyst reports. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. B. Riley initiated coverage on Nayax in a report on Tuesday, November 19th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nayax presently has an average rating of “Moderate Buy” and a consensus target price of $31.25.

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.