Nayax (NASDAQ:NYAX) Shares Gap Down – Here’s Why

Nayax Ltd. (NASDAQ:NYAX) shares gapped down before the market opened on Monday . The stock had previously closed at $29.63, but opened at $28.15. Nayax shares last traded at $28.30, with a volume of 6,736 shares traded.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered their price target on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Barclays boosted their price objective on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Oppenheimer started coverage on shares of Nayax in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, B. Riley started coverage on shares of Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 price objective for the company. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Nayax Stock Performance

The stock has a 50 day moving average of $27.20 and a two-hundred day moving average of $24.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The stock has a market capitalization of $1.02 billion, a PE ratio of -95.58 and a beta of -0.08.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The business had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. Research analysts expect that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after buying an additional 2,266 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Nayax during the 3rd quarter valued at $69,000. Azora Capital LP increased its stake in Nayax by 4.9% in the 3rd 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 period. Swedbank AB grew its stake in shares of Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after buying an additional 107,559 shares in the last quarter. Finally, ARK Investment Management LLC lifted its holdings in Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after purchasing an additional 1,445 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.