Nayax (NASDAQ:NYAX) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Nayax (NASDAQ:NYAX) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning,Zacks.com reports.

NYAX has been the subject of several other reports. UBS Group boosted their price objective on Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods reduced their price objective on Nayax from $50.00 to $47.00 and set a “market perform” rating for the company in a research note on Thursday. Wall Street Zen cut shares of Nayax from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nayax presently has an average rating of “Hold” and a consensus target price of $47.33.

Nayax Price Performance

NASDAQ NYAX traded up $0.61 on Thursday, hitting $45.06. The company had a trading volume of 36,509 shares, compared to its average volume of 18,600. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.59. The company’s fifty day moving average price is $45.09 and its 200-day moving average price is $45.29. The company has a market capitalization of $1.60 billion, a PE ratio of 70.41 and a beta of 0.20. Nayax has a 12-month low of $26.77 and a 12-month high of $52.46.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data 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). The company had revenue of $104.28 million for the quarter, compared to analysts’ expectations of $109.51 million. Nayax had a net margin of 6.49% and a return on equity of 6.51%. Nayax has set its FY 2025 guidance at EPS. As a group, analysts predict that Nayax will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

A number of hedge funds have recently modified their holdings of NYAX. Vanguard Group Inc. increased its position in Nayax by 4,022.5% during the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after purchasing an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Nayax by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after buying an additional 89,886 shares during the period. Y.D. More Investments Ltd increased its holdings in shares of Nayax by 6.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company’s stock worth $59,025,000 after buying an additional 72,751 shares during the last quarter. Ibex Investors LLC raised its position in shares of Nayax by 19.3% during the 1st quarter. Ibex Investors LLC now owns 416,015 shares of the company’s stock valued at $14,039,000 after buying an additional 67,276 shares during the period. Finally, ARK Investment Management LLC purchased a new stake in shares of Nayax during the 1st quarter valued at approximately $1,906,000. Hedge funds and other institutional investors 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.