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

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $33.85, but opened at $35.69. Nayax shares last traded at $36.78, with a volume of 3,328 shares.

Analyst Ratings Changes

NYAX has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, March 6th. William Blair raised shares of Nayax from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, B. Riley restated a “buy” rating and set a $44.00 target price (up previously from $42.00) on shares of Nayax in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.75.

Nayax Price Performance

The company has a market cap of $1.30 billion, a PE ratio of -118.63 and a beta of 0.08. 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’s 50-day moving average is $36.83 and its 200 day moving average is $31.23.

Institutional Trading of Nayax

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock valued at $828,000 after buying an additional 650 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock valued at $1,517,000 after purchasing an additional 1,161 shares during the last quarter. Bank of America Corp DE boosted its stake in Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares in the last quarter. Barclays PLC grew its position in Nayax by 5,526.8% during the 3rd 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, Public Employees Retirement System of Ohio acquired a new position in Nayax during the 3rd quarter valued at approximately $69,000. Hedge funds and other institutional investors 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.