Nayax (NASDAQ:NYAX) Issues 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) announced its earnings results on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06, Zacks reports. Nayax had a net margin of 6.06% and a return on equity of 5.32%. The company had revenue of $95.59 million for the quarter, compared to analysts' expectations of $99.16 million. Nayax updated its FY 2025 guidance to EPS.

Nayax Trading Up 2.2%

NYAX traded up $0.96 during trading hours on Monday, reaching $45.38. The company's stock had a trading volume of 6,250 shares, compared to its average volume of 11,205. Nayax has a fifty-two week low of $22.06 and a fifty-two week high of $52.46. The stock has a market cap of $1.61 billion, a PE ratio of 79.62 and a beta of 0.23. The business's 50-day moving average is $45.53 and its 200-day moving average is $41.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.59.

Institutional Trading of Nayax

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in Nayax in the 2nd quarter valued at about $2,649,000. Russell Investments Group Ltd. raised its holdings in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock valued at $30,000 after buying an additional 400 shares during the period. Legal & General Group Plc raised its holdings in Nayax by 18.6% in the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company's stock valued at $711,000 after buying an additional 2,214 shares during the period. Geode Capital Management LLC lifted its stake in Nayax by 19.7% during the second quarter. Geode Capital Management LLC now owns 33,511 shares of the company's stock worth $1,685,000 after purchasing an additional 5,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock worth $9,966,000 after purchasing an additional 89,886 shares in the last quarter. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NYAX shares. UBS Group reaffirmed a "neutral" rating and set a $43.00 target price (up previously from $39.00) on shares of Nayax in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. B. Riley restated a "buy" rating and issued a $47.00 price target (up from $44.00) on shares of Nayax in a research report on Wednesday, May 14th. Jefferies Financial Group restated a "buy" rating on shares of Nayax in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Nayax has an average rating of "Moderate Buy" and an average target price of $42.00.

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.