Nayax (NASDAQ:NYAX) Shares Gap Up – What’s Next?

Nayax Ltd. (NASDAQ:NYAX) gapped up prior to trading on Tuesday . The stock had previously closed at $33.52, but opened at $34.98. Nayax shares last traded at $34.78, with a volume of 4,560 shares.

Analyst Upgrades and Downgrades

NYAX has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Nayax from $33.00 to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, March 6th. B. Riley restated a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.75.

Nayax Stock Up 0.7 %

The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $36.88 and a 200 day simple moving average of $30.87. The firm has a market capitalization of $1.23 billion, a PE ratio of -112.17 and a beta of 0.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Swedbank AB boosted its position in Nayax by 107.6% during 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 during the period. Azora Capital LP raised its stake 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 acquiring an additional 4,724 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax during the third quarter worth about $69,000. Barclays PLC grew its stake in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of Nayax by 42.7% in the fourth quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after purchasing an additional 354,350 shares during the last quarter. 34.87% of the stock is 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.