Nayax (NASDAQ:NYAX) Reaches New 1-Year High – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $61.78 and last traded at $61.56, with a volume of 2268 shares traded. The stock had previously closed at $61.33.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NYAX shares. Keefe, Bruyette & Woods lifted their price objective on shares of Nayax from $52.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, March 10th. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Finally, William Blair reissued an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nayax presently has an average rating of “Hold” and a consensus target price of $51.67.

Nayax Stock Performance

The business has a 50-day moving average of $56.82 and a two-hundred day moving average of $51.26. The company has a market cap of $2.25 billion, a P/E ratio of 64.84 and a beta of 0.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.26 and a quick ratio of 2.16.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Nayax had a return on equity of 11.60% and a net margin of 8.87%.The company had revenue of $119.45 million for the quarter, compared to the consensus estimate of $120.13 million. On average, sell-side analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Several institutional investors and hedge funds have recently bought and sold shares of the company. Altshuler Shaham Ltd grew its holdings in Nayax by 140.0% in the fourth quarter. Altshuler Shaham Ltd now owns 34,489 shares of the company’s stock worth $1,742,000 after purchasing an additional 20,121 shares during the last quarter. Amundi purchased a new position in Nayax in the fourth quarter worth $302,000. Public Employees Retirement System of Ohio grew its holdings in Nayax by 9.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock worth $197,000 after purchasing an additional 330 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Nayax by 8.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock worth $407,000 after purchasing an additional 594 shares during the last quarter. Finally, Smartleaf Asset Management LLC purchased a new position in Nayax in the fourth quarter worth $69,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.