Nayax Ltd. (NASDAQ:NYAX) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Nayax Ltd. has received an average recommendation of "Moderate Buy" from six analysts, with three holding a hold rating and three issuing buy ratings.
• The average 1-year price target for Nayax is $41.67, with recent reports from B. Riley and Keefe, Bruyette & Woods raising their price targets to $47.00 and $50.00, respectively.
• Nayax reported earnings of $0.03 per share for the last quarter, missing estimates, and had revenue of $81.11 million compared to the anticipated $85.08 million.

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.67.

A number of equities research analysts have issued reports on the stock. B. Riley reiterated a "buy" rating and issued a $47.00 target price (up previously from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Wall Street Zen downgraded shares of Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. William Blair upgraded shares of Nayax from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NYAX. JPMorgan Chase & Co. bought a new stake in Nayax in the 4th quarter valued at $1,581,000. Geode Capital Management LLC boosted its position in shares of Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock valued at $828,000 after acquiring an additional 650 shares in the last quarter. Hood River Capital Management LLC boosted its position in shares of Nayax by 144.6% during the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock valued at $412,000 after acquiring an additional 8,346 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Nayax during the 4th quarter valued at about $351,000. Finally, Bank of America Corp DE boosted its position in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after acquiring an additional 1,353 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company's stock.

Nayax Trading Down 1.2%

Shares of NASDAQ:NYAX traded down $0.53 during mid-day trading on Friday, hitting $44.55. The stock had a trading volume of 7,506 shares, compared to its average volume of 9,724. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.67 and a current ratio of 1.76. The company has a market cap of $1.58 billion, a PE ratio of 247.51 and a beta of 0.24. Nayax has a 12-month low of $20.31 and a 12-month high of $52.46. The company's 50 day moving average is $45.59 and its 200-day moving average is $40.34.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $81.11 million during the quarter, compared to analysts' expectations of $85.08 million. Nayax had a net margin of 1.96% and a return on equity of 0.23%. On average, sell-side analysts predict that Nayax will post -0.16 EPS for the current year.

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.