Bosun Asset Management LLC Invests $332,000 in Nayax Ltd. $NYAX

Key Points

• Bosun Asset Management LLC acquired a new stake in Nayax Ltd. by purchasing 9,806 shares, valued at approximately $332,000.
• Bank of America Corp DE significantly increased its investment in Nayax, boosting their position by 920.4% in the fourth quarter.
• Nayax reported an earnings per share (EPS) of $0.16 for the last quarter, surpassing the analysts' consensus estimate of $0.10.

Bosun Asset Management LLC purchased a new position in shares of Nayax Ltd. (NASDAQ:NYAX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,806 shares of the company's stock, valued at approximately $332,000.

A number of other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after purchasing an additional 1,353 shares during the period. Citadel Advisors LLC purchased a new stake in Nayax in the fourth quarter valued at $217,000. Jane Street Group LLC purchased a new position in shares of Nayax during the fourth quarter worth approximately $351,000. Swiss National Bank grew its position 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 acquiring an additional 3,714 shares during the last quarter. 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 hedge funds and other institutional investors.

Nayax Stock Down 1.6%

Nayax stock traded down $0.79 during mid-day trading on Wednesday, hitting $49.90. The company's stock had a trading volume of 6,526 shares, compared to its average volume of 11,219. The firm's 50 day moving average is $46.09 and its 200 day moving average is $42.14. The company has a market cap of $1.77 billion, a PE ratio of 87.55 and a beta of 0.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.59. Nayax Ltd. has a 52-week low of $23.52 and a 52-week high of $52.46.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. The company had revenue of $95.59 million during the quarter, compared to the consensus estimate 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. On average, analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

NYAX has been the subject of a number of recent analyst reports. B. Riley reissued a "buy" rating and issued a $47.00 target price (up previously from $44.00) on shares of Nayax in a report on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their price objective on Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Finally, UBS Group upped their price objective on shares of Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Nayax currently has an average rating of "Hold" and a consensus target price of $42.00.

Nayax 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.