Nayax (NASDAQ:NYAX) Issues Earnings Results

Nayax (NASDAQ:NYAX) issued its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.12), Zacks reports. Nayax had a net margin of 6.06% and a return on equity of 5.32%. Nayax updated its FY 2025 guidance to EPS.

Nayax Stock Performance

NYAX opened at $39.83 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.41 billion, a PE ratio of 69.88 and a beta of 0.20. The business has a fifty day simple moving average of $45.46 and a 200-day simple moving average of $45.27. Nayax has a fifty-two week low of $26.77 and a fifty-two week high of $52.46.

Analyst Ratings Changes

Several research analysts recently weighed in on NYAX shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research note on Wednesday, October 8th. UBS Group boosted their price target on shares of Nayax from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.67.

Hedge Funds Weigh In On Nayax

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $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 approximately $33,000. Bank of America Corp DE grew its position in Nayax by 254.9% during the 3rd 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. Legal & General Group Plc raised its stake in Nayax by 18.6% during the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock valued at $711,000 after purchasing an additional 2,214 shares during the period. Finally, Alliancebernstein L.P. acquired a new stake in Nayax during the 3rd quarter valued at $128,000. 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.