ARK Investment Management LLC Has $2.11 Million Stock Holdings in Nayax Ltd. $NYAX

Key Points

• ARK Investment Management LLC reduced its holdings in Nayax Ltd. by 26.1% in Q2, now owning 41,786 shares worth approximately $2.11 million.
• Several institutional investors, including Bank of America Corp and Swiss National Bank, have significantly increased their stakes in Nayax, indicating growing interest in the company.
• Nayax reported $0.16 earnings per share for the last quarter, exceeding expectations, but revenue fell short of forecasts at $95.59 million compared to an anticipated $99.16 million.

ARK Investment Management LLC cut its position in shares of Nayax Ltd. (NASDAQ:NYAX - Free Report) by 26.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,786 shares of the company's stock after selling 14,723 shares during the quarter. ARK Investment Management LLC owned 0.12% of Nayax worth $2,107,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after buying an additional 1,353 shares in the last quarter. Swiss National Bank boosted its holdings in Nayax by 17.6% during the first quarter. Swiss National Bank now owns 24,871 shares of the company's stock valued at $838,000 after purchasing an additional 3,714 shares in the last quarter. Ascent Group LLC acquired a new stake in Nayax during the second quarter valued at approximately $220,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Nayax during the second quarter valued at approximately $340,000. Finally, Bosun Asset Management LLC acquired a new stake in Nayax during the first quarter valued at approximately $332,000. 34.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on NYAX. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday, July 9th. UBS Group lifted their target price on shares of Nayax from $39.00 to $43.00 and gave the company 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, October 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $46.67.

Nayax Stock Performance

NYAX stock opened at $44.92 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.59. The company has a 50 day moving average price of $47.81 and a 200 day moving average price of $44.67. Nayax Ltd. has a fifty-two week low of $25.32 and a fifty-two week high of $52.46. The stock has a market capitalization of $1.59 billion, a PE ratio of 78.81 and a beta of 0.21.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06. Nayax had a net margin of 6.06% and a return on equity of 5.32%. The firm had revenue of $95.59 million during the quarter, compared to analysts' expectations of $99.16 million. Nayax has set its FY 2025 guidance at EPS. Analysts forecast that Nayax Ltd. will post -0.16 EPS for the current year.

About Nayax

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.

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