Nayax Ltd. (NASDAQ:NYAX) Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd raised its holdings in shares of Nayax Ltd. (NASDAQ:NYAX) by 42.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,183,988 shares of the company’s stock after acquiring an additional 354,350 shares during the quarter. Nayax makes up 3.1% of Y.D. More Investments Ltd’s portfolio, making the stock its 8th biggest position. Y.D. More Investments Ltd’s holdings in Nayax were worth $34,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB increased its position in shares of Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after buying an additional 92,441 shares in the last quarter. Barclays PLC raised its position in shares of Nayax by 5,526.8% in the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Nayax during the third quarter worth approximately $69,000. Azora Capital LP raised its stake in Nayax by 4.9% in the 3rd quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after purchasing an additional 4,724 shares in the last quarter. Finally, ARK Investment Management LLC lifted its position in shares of Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after acquiring an additional 1,445 shares during the period. Institutional investors own 34.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NYAX shares. B. Riley assumed coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 target price for the company. Keefe, Bruyette & Woods increased their price target on Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Barclays upped their price target on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Nayax presently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

Nayax Stock Performance

NYAX opened at $39.88 on Wednesday. Nayax Ltd. has a 12-month low of $20.31 and a 12-month high of $39.97. 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 stock has a fifty day simple moving average of $31.16 and a two-hundred day simple moving average of $27.36.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $83.01 million during the quarter, compared to the consensus estimate of $88.40 million. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. During the same period last year, the company earned ($0.09) earnings per share. Equities research analysts expect that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

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.