Nayax Ltd. (NASDAQ:NYAX) Receives $47.33 Average PT from Brokerages

Shares of Nayax Ltd. (NASDAQ:NYAX) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.3333.

NYAX has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Nayax from $50.00 to $47.00 and set a “market perform” rating on the stock in a research note on Thursday, November 20th. Zacks Research cut Nayax from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 20th. UBS Group lifted their price target on Nayax from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Wall Street Zen lowered Nayax from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th.

Nayax Stock Performance

Shares of NASDAQ NYAX opened at $43.90 on Friday. The firm’s fifty day moving average is $44.81 and its two-hundred day moving average is $45.53. Nayax has a 52-week low of $26.77 and a 52-week high of $52.46. The company has a market cap of $1.56 billion, a P/E ratio of 68.59 and a beta of 0.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.62 and a current ratio of 1.71.

Nayax (NASDAQ:NYAX) last announced its earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.12). Nayax had a net margin of 6.49% and a return on equity of 6.51%. The business had revenue of $104.28 million for the quarter, compared to analysts’ expectations of $109.51 million. Nayax has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Nayax will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Nayax

A number of institutional investors and hedge funds have recently modified their holdings of NYAX. Russell Investments Group Ltd. raised its position in shares of Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the period. Osaic Holdings Inc. acquired a new position in Nayax in the 2nd quarter worth about $33,000. Vanguard Personalized Indexing Management LLC raised its holdings in Nayax by 10.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock worth $355,000 after purchasing an additional 693 shares during the period. Bank of America Corp DE boosted its position in Nayax by 254.9% during the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after purchasing an additional 956 shares in the last quarter. Finally, ARK Investment Management LLC grew its holdings in Nayax by 3.2% in the third quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock valued at $2,058,000 after purchasing an additional 1,331 shares during the period. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.