Nayax (NASDAQ:NYAX) Shares Gap Up – Still a Buy?

Nayax Ltd. (NASDAQ:NYAX) shares gapped up before the market opened on Tuesday . The stock had previously closed at $36.18, but opened at $37.10. Nayax shares last traded at $39.13, with a volume of 1,237 shares traded.

Wall Street Analyst Weigh In

NYAX has been the subject of several recent research reports. B. Riley reissued a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Nayax in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods upped their target price on shares of Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a report on Thursday, March 6th. Finally, William Blair upgraded shares of Nayax from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.75.

Nayax Trading Up 1.2 %

The business has a 50 day simple moving average of $36.53 and a 200-day simple moving average of $32.12. 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 market capitalization of $1.40 billion, a price-to-earnings ratio of -126.93 and a beta of 0.23.

Hedge Funds Weigh In On Nayax

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company’s stock worth $828,000 after purchasing an additional 650 shares during the period. Baillie Gifford & Co. lifted its holdings in Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock worth $1,517,000 after buying an additional 1,161 shares in the last quarter. Bank of America Corp DE boosted its position in Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares during the last quarter. Barclays PLC grew its stake in shares of Nayax by 5,526.8% during the third quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after acquiring an additional 2,266 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Nayax during the third quarter worth about $69,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.