Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Nayax (NASDAQ:NYAX) Stock

Nayax (NASDAQ:NYAX) had its price target raised by analysts at Keefe, Bruyette & Woods from $38.00 to $40.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 4.76% from the company’s previous close.

Several other equities analysts have also weighed in on NYAX. Jefferies Financial Group restated a “buy” rating on shares of Nayax in a research report on Tuesday. B. Riley restated a “buy” rating and set a $47.00 price objective (up previously from $44.00) on shares of Nayax in a research report on Wednesday. Finally, William Blair upgraded shares of Nayax from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and three have given a 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 target price of $38.33.

Nayax Stock Up 3.3%

Nayax stock opened at $42.00 on Wednesday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -135.48 and a beta of 0.13. 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 company’s 50-day moving average price is $37.53 and its two-hundred day moving average price is $34.23. Nayax has a 52 week low of $20.31 and a 52 week high of $42.85.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 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 $81.11 million for the quarter, compared to the consensus estimate of $85.08 million. On average, analysts expect that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently made changes to their positions in NYAX. Barclays PLC lifted its position in shares of Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after acquiring an additional 2,266 shares in the last quarter. Swedbank AB lifted its position in Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after buying an additional 92,441 shares in the last quarter. Y.D. More Investments Ltd lifted its position in Nayax by 42.7% in 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. Baillie Gifford & Co. lifted its position in Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after buying an additional 1,161 shares in the last quarter. Finally, Verdence Capital Advisors LLC purchased a new stake in Nayax in the 4th quarter worth approximately $326,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.