ARK Investment Management LLC Trims Holdings in Nayax Ltd. (NASDAQ:NYAX)

ARK Investment Management LLC reduced its holdings in shares of Nayax Ltd. (NASDAQ:NYAX) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 94,860 shares of the company’s stock after selling 3,121 shares during the period. ARK Investment Management LLC owned approximately 0.29% of Nayax worth $1,850,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NYAX. UBS Group AG acquired a new stake in shares of Nayax during the third quarter worth about $1,072,000. Tower Research Capital LLC TRC acquired a new stake in Nayax during the 3rd quarter worth approximately $47,000. Credit Suisse AG purchased a new position in shares of Nayax in the 3rd quarter valued at approximately $123,000. Vanguard Group Inc. acquired a new position in shares of Nayax in the third quarter valued at approximately $1,107,000. Finally, Jane Street Group LLC purchased a new stake in shares of Nayax during the third quarter worth approximately $237,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Price Performance

Shares of NASDAQ NYAX opened at $26.05 on Thursday. The stock has a fifty day moving average price of $25.67 and a 200 day moving average price of $22.14. Nayax Ltd. has a 1-year low of $16.38 and a 1-year high of $30.99. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Nayax (NASDAQ:NYAX) last released its earnings results on Wednesday, February 28th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The firm had revenue of $66.60 million during the quarter, compared to analyst estimates of $67.50 million. Nayax had a negative return on equity of 15.96% and a negative net margin of 6.75%. On average, research analysts anticipate that Nayax Ltd. will post 0.08 EPS for the current year.

Nayax 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.