Nayax (NASDAQ:NYAX) Given New $28.00 Price Target at Barclays

by · The Cerbat Gem

Nayax (NASDAQ:NYAX – Free Report) had its price objective lifted by Barclays from $23.00 to $28.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also commented on NYAX. Keefe, Bruyette & Woods decreased their target price on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Oppenheimer began coverage on Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating for the company.

Check Out Our Latest Stock Analysis on Nayax

Nayax Stock Performance

Shares of Nayax stock opened at $26.68 on Tuesday. Nayax has a one year low of $18.46 and a one year high of $30.99. The firm has a market capitalization of $945.90 million, a price-to-earnings ratio of -63.51 and a beta of 0.03. The business has a 50-day simple moving average of $24.69 and a 200 day simple moving average of $24.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.25 and a quick ratio of 1.17.

Nayax (NASDAQ:NYAX – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Nayax had a negative net margin of 5.34% and a negative return on equity of 11.18%. The firm had revenue of $78.09 million during the quarter, compared to the consensus estimate of $78.10 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. On average, research analysts anticipate that Nayax will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nayax

Hedge funds have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC acquired a new position in Nayax during the 1st quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Nayax by 16.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after acquiring an additional 1,099 shares in the last quarter. Ingalls & Snyder LLC bought a new position in shares of Nayax in the second quarter valued at approximately $229,000. Altshuler Shaham Ltd bought a new position in shares of Nayax in the second quarter valued at approximately $1,010,000. Finally, Baillie Gifford & Co. bought a new position in shares of Nayax in the first quarter valued at approximately $1,302,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Nayax Company Profile

(Get Free Report)

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.

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