Nayax Ltd. (NASDAQ:NYAX) Receives Consensus Rating of “Hold” from Analysts

Nayax Ltd. (NASDAQ:NYAX) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.00.

Several research firms have recently weighed in on NYAX. Keefe, Bruyette & Woods increased their price objective on Nayax from $40.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, July 9th. UBS Group increased their price target on shares of Nayax from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research note on Wednesday.

Institutional Trading of Nayax

A number of hedge funds have recently added to or reduced their stakes in NYAX. Bank of America Corp DE lifted its position in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares during the period. ARK Investment Management LLC acquired a new stake in shares of Nayax during the first quarter worth $1,906,000. Ibex Investors LLC lifted its holdings in shares of Nayax by 19.3% during the first quarter. Ibex Investors LLC now owns 416,015 shares of the company’s stock worth $14,039,000 after purchasing an additional 67,276 shares during the period. Swiss National Bank lifted its holdings in shares of Nayax by 17.6% during the first quarter. Swiss National Bank now owns 24,871 shares of the company’s stock worth $838,000 after purchasing an additional 3,714 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Nayax during the first quarter worth $935,000. 34.87% of the stock is owned by institutional investors and hedge funds.

Nayax Stock Down 0.9%

Shares of NASDAQ NYAX opened at $48.82 on Friday. The stock has a market cap of $1.73 billion, a PE ratio of 85.65 and a beta of 0.21. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. Nayax has a 52-week low of $24.61 and a 52-week high of $52.46. The business has a 50-day moving average price of $47.12 and a 200 day moving average price of $43.93.

Nayax (NASDAQ:NYAX) last announced its earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The firm had revenue of $95.59 million during the quarter, compared to analysts’ expectations of $99.16 million. Nayax had a return on equity of 5.32% and a net margin of 6.06%. Nayax has set its FY 2025 guidance at EPS. Equities research analysts forecast that Nayax will post -0.16 earnings per share for the current year.

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.