Nayax (NASDAQ:NYAX) Announces Quarterly Earnings Results

Key Points

• Nayax reported an earnings per share (EPS) of $0.16 for the quarter, exceeding the consensus estimate of $0.10 by $0.06.
• Despite strong EPS results, Nayax's revenue was $95.59 million, falling short of analyst expectations of $99.16 million.
• The stock saw a 3.6% increase in trading, reaching $44.70 following the earnings announcement.

Nayax (NASDAQ:NYAX - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06, Zacks reports. Nayax had a return on equity of 5.32% and a net margin of 6.06%.The business had revenue of $95.59 million during the quarter, compared to analysts' expectations of $99.16 million. Nayax updated its FY 2025 guidance to EPS.

Nayax Stock Performance

Shares of NYAX traded up $0.21 during midday trading on Tuesday, hitting $46.43. 9,819 shares of the stock traded hands, compared to its average volume of 10,349. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.59 and a current ratio of 1.68. Nayax has a 1-year low of $22.06 and a 1-year high of $52.46. The business's 50 day moving average price is $45.60 and its two-hundred day moving average price is $41.21. The firm has a market capitalization of $1.65 billion, a PE ratio of 177.77 and a beta of 0.23.

Analysts Set New Price Targets

NYAX has been the subject of several recent research reports. Wall Street Zen downgraded shares of Nayax from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. B. Riley reissued a "buy" rating and set a $47.00 price target (up previously from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. UBS Group upped their price objective on Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Jefferies Financial Group reiterated a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $42.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in Nayax in the second quarter worth about $2,649,000. Russell Investments Group Ltd. raised its holdings in 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 in the last quarter. Legal & General Group Plc lifted its position in Nayax by 18.6% in the second quarter. Legal & General Group Plc now owns 14,087 shares of the company's stock worth $711,000 after purchasing an additional 2,214 shares during the period. Geode Capital Management LLC boosted its stake in Nayax by 19.7% during the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company's stock valued at $1,685,000 after purchasing an additional 5,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock valued at $9,966,000 after purchasing an additional 89,886 shares during the period. Institutional investors own 34.87% of the company's stock.

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.