Nayax (NASDAQ:NYAX) Shares Gap Down - Here's What Happened

Key Points

• Nayax Ltd. (NASDAQ:NYAX) experienced a gap down in share price from $50.75 to an opening of $48.26, trading last at $48.02 with a volume of 4,185 shares.
• Analyst ratings indicate a mixed outlook, with a consensus price target of $42.00 and ratings ranging from "buy" to "hold" among seven analysts.
• The company recently reported an EPS of $0.16 for the quarter, exceeding estimates, yet fell short on revenue expectations with $95.59 million reported against an anticipated $99.16 million.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $50.75, but opened at $48.26. Nayax shares last traded at $48.02, with a volume of 4,185 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NYAX shares. Keefe, Bruyette & Woods increased their price target on Nayax from $40.00 to $50.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. UBS Group boosted 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. Finally, Wall Street Zen lowered shares of Nayax from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $42.00.

Nayax Trading Down 2.2%

The stock has a market cap of $1.76 billion, a PE ratio of 87.09 and a beta of 0.23. The business has a 50-day moving average of $46.06 and a 200 day moving average of $42.43. 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 (NASDAQ:NYAX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. The firm had revenue of $95.59 million during the quarter, compared to analysts' expectations 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. Equities research analysts predict that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Trading of Nayax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew 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. Osaic Holdings Inc. purchased a new stake in Nayax in the 2nd quarter valued at about $33,000. Bank of America Corp DE lifted its stake in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock valued at $44,000 after purchasing an additional 1,353 shares in the last quarter. Ascent Group LLC acquired a new position in shares of Nayax in the 2nd quarter valued at about $220,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Nayax in the 2nd quarter valued at about $340,000. Hedge funds and other institutional investors own 34.87% of the company's stock.

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.

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