Nayax (NASDAQ:NYAX) Hits New 12-Month High – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $38.92 and last traded at $38.90, with a volume of 2910 shares changing hands. The stock had previously closed at $38.78.

Analysts Set New Price Targets

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

Nayax Trading Up 0.3 %

The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -125.48 and a beta of 0.02. The firm has a 50-day moving average price of $30.96 and a 200-day moving average price of $27.26. The company has a current ratio of 1.25, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $83.01 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted ($0.09) EPS. As a group, sell-side analysts predict that Nayax Ltd. will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Nayax

Hedge funds have recently modified their holdings of the stock. Swedbank AB grew its holdings in shares of Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after acquiring an additional 107,559 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Nayax by 184.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after acquiring an additional 115,262 shares during the last quarter. Barclays PLC boosted 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 worth $58,000 after buying an additional 2,266 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Nayax in the third quarter worth $69,000. Finally, Azora Capital LP boosted its position in shares of Nayax by 4.9% in the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after buying an additional 4,724 shares during the period. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.