Nayax (NASDAQ:NYAX) Stock Price Down 3.6%

Nayax Ltd. (NASDAQ:NYAX)’s stock price traded down 3.6% during trading on Tuesday . The stock traded as low as $22.61 and last traded at $22.70. 1,769 shares traded hands during trading, a decline of 79% from the average session volume of 8,388 shares. The stock had previously closed at $23.55.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Nayax in a research note on Monday. They set a “market perform” rating and a $27.00 price objective for the company. UBS Group started coverage on shares of Nayax in a research note on Monday, April 29th. They set a “neutral” rating and a $29.00 price objective for the company. Finally, Barclays started coverage on shares of Nayax in a research report on Wednesday, May 22nd. They set an “equal weight” rating and a $27.00 target price for the company.

Nayax Stock Performance

The business’s 50-day simple moving average is $25.78 and its two-hundred day simple moving average is $24.29. The firm has a market cap of $763.76 million, a price-to-earnings ratio of -51.19 and a beta of 0.09. The company has a quick ratio of 1.27, a current ratio of 1.36 and a debt-to-equity ratio of 0.22.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). The firm had revenue of $63.96 million during the quarter, compared to analyst estimates of $70.93 million. Nayax had a negative return on equity of 13.46% and a negative net margin of 6.20%. As a group, sell-side analysts expect that Nayax Ltd. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Swedbank AB purchased a new stake in shares of Nayax during the first quarter worth about $2,620,000. Hood River Capital Management LLC purchased a new stake in shares of Nayax during the first quarter worth about $102,000. Baillie Gifford & Co. purchased a new stake in shares of Nayax during the first quarter worth about $1,302,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Nayax during the first quarter worth about $9,170,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Nayax by 152.9% during the first quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock worth $1,655,000 after purchasing an additional 37,853 shares in 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.