Nayax Ltd. (NASDAQ:NYAX) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Nayax Ltd. has received a consensus rating of "Hold" from seven analysts, with four recommending holding and three issuing buy recommendations.
• The company's average one-year price target among analysts is $42.00, reflecting a mixed outlook on the stock's performance.
• Nayax reported an earnings per share (EPS) of $0.16 for the last quarter, exceeding analyst expectations, but had revenue that fell short of estimates.

Shares of Nayax Ltd. (NASDAQ:NYAX - Get Free Report) have received a consensus recommendation of "Hold" from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $42.00.

Several equities research analysts have recently weighed in on NYAX shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Wall Street Zen cut Nayax from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. UBS Group lifted their price objective on shares of Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. B. Riley reissued a "buy" rating and set a $47.00 target price (up from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday, July 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NYAX. JPMorgan Chase & Co. purchased a new position in shares of Nayax in the fourth quarter valued at $1,581,000. Geode Capital Management LLC increased its holdings in Nayax by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 27,976 shares of the company's stock worth $828,000 after purchasing an additional 650 shares during the last quarter. Hood River Capital Management LLC increased its holdings in Nayax by 144.6% during the 4th quarter. Hood River Capital Management LLC now owns 14,118 shares of the company's stock worth $412,000 after purchasing an additional 8,346 shares during the last quarter. Jane Street Group LLC purchased a new stake in Nayax during the 4th quarter worth approximately $351,000. Finally, Bank of America Corp DE increased its holdings in Nayax by 920.4% during the 4th 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 last quarter. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Trading Up 1.6%

Shares of Nayax stock traded up $0.72 during trading hours on Thursday, hitting $47.00. The company's stock had a trading volume of 8,476 shares, compared to its average volume of 10,498. The business has a fifty day moving average of $45.78 and a 200 day moving average of $41.35. Nayax has a 1-year low of $22.06 and a 1-year high of $52.46. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.67 billion, a PE ratio of 82.46 and a beta of 0.23.

Nayax (NASDAQ:NYAX - Get Free Report) last announced 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. Nayax had a net margin of 6.06% and a return on equity of 5.32%. The firm had revenue of $95.59 million during the quarter, compared to analysts' expectations of $99.16 million. Nayax has set its FY 2025 guidance at EPS. As a group, equities analysts forecast 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.