Barclays Trims Nayax (NASDAQ:NYAX) Target Price to $23.00

Nayax (NASDAQ:NYAX) had its price target reduced by Barclays from $27.00 to $23.00 in a research note published on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also recently weighed in on NYAX. Keefe, Bruyette & Woods started coverage on shares of Nayax in a research note on Monday, June 17th. They issued a market perform rating and a $27.00 target price for the company. UBS Group started coverage on shares of Nayax in a research report on Monday, April 29th. They issued a neutral rating and a $29.00 price objective for the company.

Nayax Trading Up 3.0 %

Shares of Nayax stock opened at $22.96 on Monday. The stock has a market capitalization of $754.17 million, a P/E ratio of -47.83 and a beta of 0.02. Nayax has a 12-month low of $18.46 and a 12-month high of $30.99. The company has a quick ratio of 1.27, a current ratio of 1.36 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $22.96 and a 200 day simple moving average of $24.94.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.13). The firm had revenue of $63.96 million for 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%. Research analysts expect that Nayax will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NYAX. Hood River Capital Management LLC bought a new stake in shares of Nayax during the first quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after acquiring an additional 1,099 shares during the last quarter. Ingalls & Snyder LLC acquired a new position in shares of Nayax in the 2nd quarter valued at $229,000. Baillie Gifford & Co. boosted its position in shares of Nayax by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after purchasing an additional 616 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Nayax by 152.9% in the 1st 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 during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.