Baillie Gifford & Co. Sells 23,262 Shares of Nayax Ltd. (NASDAQ:NYAX)

Key Points

• Baillie Gifford & Co. decreased its stake in Nayax Ltd. by 45.4%, owning approximately 27,985 shares post-sale, which is valued at $959,000.
• Analyst ratings for Nayax include a mix of hold and buy ratings, with an average price target of $41.67.
• Nayax reported earnings of $0.03 per share, missing the consensus estimate of $0.04, with a revenue of $81.11 million for the quarter.

Baillie Gifford & Co. lowered its stake in shares of Nayax Ltd. (NASDAQ:NYAX - Free Report) by 45.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,985 shares of the company's stock after selling 23,262 shares during the quarter. Baillie Gifford & Co. owned approximately 0.08% of Nayax worth $959,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Nayax in the 4th quarter valued at about $217,000. Hood River Capital Management LLC boosted its stake in shares of Nayax by 144.6% in the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after purchasing an additional 8,346 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Nayax in the 4th quarter valued at about $1,581,000. Jane Street Group LLC bought a new position in shares of Nayax in the 4th quarter valued at about $351,000. Finally, Geode Capital Management LLC boosted its stake in shares of Nayax by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after purchasing an additional 650 shares during the last quarter. Institutional investors own 34.87% of the company's stock.

Nayax Stock Down 0.4%

Shares of NASDAQ NYAX traded down $0.17 during midday trading on Wednesday, reaching $44.92. The company's stock had a trading volume of 589 shares, compared to its average volume of 11,064. The company has a current ratio of 1.76, a quick ratio of 1.67 and a debt-to-equity ratio of 0.79. Nayax Ltd. has a fifty-two week low of $20.31 and a fifty-two week high of $52.46. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 249.57 and a beta of 0.24. The stock has a 50 day simple moving average of $45.53 and a 200-day simple moving average of $40.31.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). Nayax had a net margin of 1.96% and a return on equity of 0.23%. The business had revenue of $81.11 million during the quarter, compared to analyst estimates of $85.08 million. Equities research analysts predict that Nayax Ltd. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

NYAX has been the topic of several recent research reports. B. Riley reaffirmed a "buy" rating and issued a $47.00 target price (up previously from $44.00) on shares of Nayax in a research note on Wednesday, May 14th. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods increased their price target on shares of Nayax from $40.00 to $50.00 and gave the company 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 report on Sunday, June 1st. Finally, William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

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.