Azora Capital LP Has $2.58 Million Stake in Nayax Ltd. (NASDAQ:NYAX)

Azora Capital LP grew its stake in Nayax Ltd. (NASDAQ:NYAX) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,685 shares of the company’s stock after purchasing an additional 4,724 shares during the period. Azora Capital LP’s holdings in Nayax were worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB bought a new position in Nayax in the 1st quarter valued at approximately $2,620,000. Y.D. More Investments Ltd acquired a new position in shares of Nayax during the second quarter worth $14,790,000. Allspring Global Investments Holdings LLC bought a new position in shares of Nayax in the 2nd quarter valued at $1,673,000. Baillie Gifford & Co. boosted its holdings in shares of Nayax by 1.2% during the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock valued at $1,072,000 after acquiring an additional 616 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Nayax by 184.1% during 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. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Stock Performance

NASDAQ:NYAX opened at $29.63 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. Nayax Ltd. has a fifty-two week low of $18.46 and a fifty-two week high of $30.99. The company has a 50 day simple moving average of $27.20 and a two-hundred day simple moving average of $24.84. The company has a market capitalization of $1.05 billion, a PE ratio of -95.58 and a beta of -0.08.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $83.01 million during the quarter, compared to analysts’ expectations of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same period in the prior year, the company posted ($0.09) earnings per share. Research analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

NYAX has been the subject of several research reports. Barclays increased their target price on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. B. Riley assumed coverage on shares of Nayax in a research report on Tuesday, November 19th. They set a “buy” rating and a $38.00 target price on the stock. Oppenheimer began coverage on shares of Nayax in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Finally, Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.