Nayax’s (NYAX) Buy Rating Reaffirmed at B. Riley

B. Riley reaffirmed their buy rating on shares of Nayax (NASDAQ:NYAX) in a research report released on Wednesday,Benzinga reports. B. Riley currently has a $44.00 price target on the stock, up from their prior price target of $42.00.

Separately, Keefe, Bruyette & Woods increased their price objective on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.75.

Nayax Stock Down 3.2 %

Nayax stock opened at $35.42 on Wednesday. Nayax has a twelve month low of $20.31 and a twelve month high of $40.70. The stock has a 50 day moving average of $35.83 and a two-hundred day moving average of $29.78. 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 market capitalization of $1.26 billion, a price-to-earnings ratio of -114.25 and a beta of 0.02.

Hedge Funds Weigh In On Nayax

A number of large investors have recently modified their holdings of the business. Y.D. More Investments Ltd raised its stake in shares of Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock worth $34,630,000 after buying an additional 354,350 shares in the last quarter. Swedbank AB increased its stake in Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after purchasing an additional 92,441 shares in the last quarter. 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 purchasing an additional 4,724 shares in the last quarter. ARK Investment Management LLC increased its stake in Nayax by 1.7% in the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,445 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Nayax in the 4th quarter valued at approximately $1,581,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

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.