Nayax (NASDAQ:NYAX) Shares Gap Up to $21.28

Nayax Ltd. (NASDAQ:NYAX)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $21.28, but opened at $22.72. Nayax shares last traded at $23.61, with a volume of 403 shares traded.

Analyst Upgrades and Downgrades

NYAX has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Nayax in a report on Wednesday, May 22nd. They set an “equal weight” rating and a $27.00 price objective on the stock. UBS Group initiated coverage on shares of Nayax in a report on Monday, April 29th. They set a “neutral” rating and a $29.00 price objective on the stock. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Nayax in a report on Monday, June 17th. They set a “market perform” rating and a $27.00 price objective on the stock.

Nayax Trading Up 10.9 %

The business’s 50-day moving average price is $24.84 and its 200 day moving average price is $24.38. The company has a market cap of $775.59 million, a P/E ratio of -46.26 and a beta of 0.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.36.

Nayax (NASDAQ:NYAX) last posted its earnings results on Wednesday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). The company had revenue of $63.96 million for the quarter, compared to analyst estimates of $70.93 million. Nayax had a negative return on equity of 13.46% and a negative net margin of 6.20%. As a group, analysts expect that Nayax Ltd. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Nayax

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Nayax in the 1st quarter valued at $9,170,000. Swedbank AB bought a new stake in shares of Nayax in the 1st quarter valued at $2,620,000. Assenagon Asset Management S.A. boosted its stake in shares of Nayax by 152.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock valued at $1,655,000 after purchasing an additional 37,853 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Nayax in the 1st quarter valued at $1,302,000. Finally, Hood River Capital Management LLC bought a new stake in shares of Nayax in the 1st quarter valued at $102,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.