Nayax (NASDAQ:NYAX) Shares Gap Up to $21.28

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $21.28, but opened at $22.72. Nayax shares last traded at $23.61, with a volume of 403 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays assumed coverage on Nayax in a report on Wednesday, May 22nd. They issued an “equal weight” rating and a $27.00 price target for the company. UBS Group assumed coverage on Nayax in a report on Monday, April 29th. They issued a “neutral” rating and a $29.00 price target for the company. Finally, Keefe, Bruyette & Woods assumed coverage on Nayax in a report on Monday, June 17th. They issued a “market perform” rating and a $27.00 price target for the company.

Nayax Price Performance

The firm has a market capitalization of $775.59 million, a PE ratio of -46.26 and a beta of 0.03. The stock has a 50-day moving average price of $24.84 and a 200 day moving average price of $24.38. 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 posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). Nayax had a negative net margin of 6.20% and a negative return on equity of 13.46%. The business had revenue of $63.96 million during the quarter, compared to analysts’ expectations of $70.93 million. Equities analysts forecast that Nayax Ltd. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Nayax

Large investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Nayax in the 1st quarter valued at $9,170,000. Swedbank AB purchased a new stake in Nayax in the 1st quarter valued at $2,620,000. Assenagon Asset Management S.A. grew its holdings in Nayax by 152.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock valued at $1,655,000 after buying an additional 37,853 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in Nayax in the 1st quarter valued at $1,302,000. Finally, Hood River Capital Management LLC purchased a new stake in Nayax in the 1st quarter valued at $102,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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.