Nayax (NASDAQ:NYAX) Trading Down 4.3%

Nayax Ltd. (NASDAQ:NYAX)’s stock price fell 4.3% on Monday . The company traded as low as $21.99 and last traded at $22.01. 5,528 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 8,289 shares. The stock had previously closed at $22.99.

Wall Street Analysts Forecast Growth

NYAX has been the subject of several research reports. Keefe, Bruyette & Woods cut their target price on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday. UBS Group started coverage on shares of Nayax in a report on Monday, April 29th. They set a “neutral” rating and a $29.00 target price on the stock. Finally, Barclays decreased their target price on shares of Nayax from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th.

Nayax Stock Down 4.3 %

The company has a current ratio of 1.36, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $22.81 and a 200 day simple moving average of $24.98. The firm has a market capitalization of $722.96 million, a PE ratio of -47.85 and a beta of 0.02.

Nayax (NASDAQ:NYAX) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Nayax had a negative return on equity of 13.46% and a negative net margin of 6.20%. The firm had revenue of $78.09 million during the quarter, compared to analysts’ expectations of $78.10 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. As a group, sell-side analysts forecast that Nayax Ltd. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hood River Capital Management LLC purchased a new position in shares of Nayax during the first quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Nayax by 16.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock worth $168,000 after acquiring an additional 1,099 shares in the last quarter. Ingalls & Snyder LLC purchased a new position in shares of Nayax in the 2nd quarter valued at approximately $229,000. Baillie Gifford & Co. bought a new stake in shares of Nayax during the first quarter valued at approximately $1,302,000. Finally, Assenagon Asset Management S.A. grew its stake in Nayax by 152.9% in the first quarter. Assenagon Asset Management S.A. now owns 62,612 shares of the company’s stock worth $1,655,000 after purchasing an additional 37,853 shares during the period. 34.87% of the stock is owned by hedge funds and other 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.