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

Key Points

• Nayax Ltd. (NASDAQ:NYAX) has received a consensus rating of "Hold" from analysts, with four recommending a hold and three advising a buy.
• The average price target set by brokers for Nayax is $42.00, with recent adjustments from Keefe, Bruyette & Woods increasing it to $50.00.
• Nayax reported quarterly earnings of $0.16 per share, exceeding estimates and showing a revenue of $95.59 million, though below the predicted $99.16 million.

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $42.00.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. UBS Group increased their price target on Nayax from $39.00 to $43.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st.

Nayax Stock Up 0.4%

NYAX stock opened at $50.75 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.59 and a current ratio of 1.68. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 89.04 and a beta of 0.23. Nayax has a fifty-two week low of $23.52 and a fifty-two week high of $52.46. The stock has a fifty day moving average of $46.06 and a 200-day moving average of $42.43.

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 the consensus estimate 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. As a group, equities research analysts predict that Nayax will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NYAX. Russell Investments Group Ltd. increased its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock worth $30,000 after acquiring an additional 400 shares during the period. Osaic Holdings Inc. purchased a new position in shares of Nayax during the 2nd quarter valued at $33,000. Bank of America Corp DE increased 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 worth $44,000 after purchasing an additional 1,353 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Nayax in the fourth quarter worth $217,000. Finally, Ascent Group LLC purchased a new stake in shares of Nayax in the second quarter worth $220,000. Institutional investors own 34.87% of the company's stock.

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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