UBS Group Begins Coverage on Nayax (NASDAQ:NYAX)

UBS Group started covering shares of Nayax (NASDAQ:NYAX – Free Report) in a research note published Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $29.00 price target on the stock.

Nayax Price Performance

Nayax stock opened at $28.41 on Monday. The company has a market cap of $933.27 million, a price-to-earnings ratio of -59.19, and a beta of 0.10. Nayax has a 52-week low of $17.31 and a 52-week high of $30.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.00. The company’s fifty-day moving average is $26.24 and its two-hundred-day moving average is $22.88.

Nayax (NASDAQ:NYAX – Get Free Report) last reported its earnings results on Wednesday, February 28th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) ($0.04). The company had revenue of $66.60 million for the quarter, compared to the consensus estimate of $67.50 million. Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%. Equities research analysts predict that Nayax will post earnings per share of 0.08 for the current fiscal year.

Institutional investors are considering Nayax

Institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management SA bought a new stake in shares of Nayax worth $575,000 during the third quarter. Ibex Investors LLC increased its stake in Nayax by 0.5% in the third quarter. Ibex Investors LLC now owns 303,640 shares of the company’s stock valued at $7,031,000 after purchasing an additional 1,500 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in Nayax worth approximately $1,302,000 in the first quarter. Finally, Harel Insurance bought Investments & Financial Services Ltd. a new stake in Nayax worth approximately $9,170,000 in the first quarter. Institutional investors own 34.87% of the company’s shares.

About Nayax

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Nayax Ltd., a fintech company, operates systems and payment platforms for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel and around the world. The company offers AMIT 3.0, a telemetry solution for vending machines; Nayax Core, management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machines; Tigapo back-office software package, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensively managed retail management platform; Loyalty and Marketing Suite, a marketing and loyalty platform for consumer engagement; Monyx Wallet, a digital wallet app that enables cash payments using mobile phones; Weezmo, a consumer engagement and marketing platform; and the Tigapo App, a proprietary mobile app to help family entertainment center businesses.

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