Nayax (NASDAQ:NYAX) Shares Down 3.3% - Time to Sell?

Key Points

• Nayax Ltd. (NASDAQ:NYAX) saw a decline of 3.3% in share price, closing at $46.60 after trading as low as $46.36.
• Analysts have mixed opinions on Nayax, with target prices raised by some firms, notably UBS Group from $39.00 to $43.00, but a downgrade from a "strong-buy" to a "buy" rating by Wall Street Zen.
• The company reported earnings of $0.16 per share, surpassing expectations, but revenue of $95.59 million fell short of estimates of $99.16 million.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s share price traded down 3.3% on Wednesday . The stock traded as low as $46.36 and last traded at $46.60. 4,307 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 11,238 shares. The stock had previously closed at $48.18.

Wall Street Analyst Weigh In

Several research firms have recently commented on NYAX. UBS Group upped their target price on Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Keefe, Bruyette & Woods upped their target price on Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen downgraded Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.00.

Nayax Trading Down 3.9%

The company has a fifty day simple moving average of $46.16 and a two-hundred day simple moving average of $42.55. 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 company has a market capitalization of $1.64 billion, a P/E ratio of 81.27 and a beta of 0.23.

Nayax (NASDAQ:NYAX - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share 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 return on equity of 5.32% and a net margin of 6.06%. Nayax has set its FY 2025 guidance at EPS. On average, analysts forecast that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Nayax during the 4th quarter valued at $351,000. Bank of America Corp DE boosted its stake in Nayax by 920.4% in 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 period. Citadel Advisors LLC acquired a new position in Nayax in the 4th quarter worth $217,000. ARK Investment Management LLC bought a new stake in Nayax during the 1st quarter worth about $1,906,000. Finally, Ibex Investors LLC lifted its position in Nayax by 19.3% during the 1st quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock worth $14,039,000 after buying an additional 67,276 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

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.

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