Nayax Ltd. (NASDAQ:NYAX) Given Average Rating of "Hold" by Brokerages

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 a consensus rating of "Hold" from the seven analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.00.

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised 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. Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Finally, UBS Group raised their target price on shares of Nayax from $39.00 to $43.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th.

Hedge Funds Weigh In On Nayax

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock worth $30,000 after purchasing an additional 400 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of Nayax during the second quarter worth $33,000. Bank of America Corp DE lifted its holdings in shares of 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 purchasing an additional 1,353 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Nayax during the fourth quarter worth $217,000. Finally, Ascent Group LLC acquired a new stake in shares of Nayax during the second quarter worth $220,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Stock Down 1.2%

Shares of NYAX stock traded down $0.55 during trading hours on Monday, reaching $47.04. 3,629 shares of the stock were exchanged, compared to its average volume of 11,188. The firm has a market capitalization of $1.67 billion, a P/E ratio of 82.53 and a beta of 0.23. Nayax has a 12-month low of $24.50 and a 12-month high of $52.46. 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 business's fifty day moving average is $46.29 and its two-hundred day moving average is $42.64.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. The company had revenue of $95.59 million for the quarter, compared to analyst estimates of $99.16 million. Nayax had a net margin of 6.06% and a return on equity of 5.32%. Nayax has set its FY 2025 guidance at EPS. As a group, research analysts expect that Nayax will post -0.16 EPS for the current fiscal 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.