Nayax (NASDAQ:NYAX) Upgraded by Jefferies Financial Group to “Buy”

Nayax (NASDAQ:NYAX) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report issued on Wednesday, Benzinga reports.

NYAX has been the topic of several other reports. Barclays upped their price target on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods lowered their price target on Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Finally, Oppenheimer began coverage on Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Nayax presently has an average rating of “Hold” and an average price target of $27.33.

Nayax Stock Performance

Shares of Nayax stock opened at $28.41 on Wednesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -67.64 and a beta of 0.03. The stock’s 50-day moving average is $25.13 and its 200-day moving average is $24.56. Nayax has a one year low of $18.46 and a one year high of $30.99. 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) last issued its quarterly 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). The firm had revenue of $78.09 million during the quarter, compared to the consensus estimate of $78.10 million. Nayax had a negative net margin of 5.34% and a negative return on equity of 11.18%. During the same quarter last year, the firm earned ($0.12) earnings per share. Equities analysts predict that Nayax will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Nayax

Several institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new stake in shares of Nayax during the 1st quarter valued at $1,302,000. Swedbank AB bought a new stake in shares of Nayax during the 1st quarter valued at $2,620,000. Y.D. More Investments Ltd bought a new stake in shares of Nayax during the 2nd quarter valued at $14,790,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Nayax during the 2nd quarter valued at $1,673,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of Nayax during the 2nd quarter valued at $1,010,000. 34.87% of the stock is currently owned by institutional investors.

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.