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

Key Points

• Nayax Ltd. shares experienced a **price gap up** from $47.72 to $49.34 at market opening and last traded at $48.25, with a trading volume of 23,930 shares.
• Analysts have recently set varying price targets for Nayax, with Keefe, Bruyette & Woods increasing their target from $40.00 to **$50.00** and UBS Group setting a new target at **$43.00**.
• Nayax reported an **earnings per share (EPS)** of $0.16 for the latest quarter, surpassing expectations of $0.10, though revenue fell short of estimates at **$95.59 million** compared to an expected $99.16 million.

Nayax Ltd. (NASDAQ:NYAX - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $47.72, but opened at $49.34. Nayax shares last traded at $48.25, with a volume of 23,930 shares.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen cut shares of Nayax from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Keefe, Bruyette & Woods lifted their price target on shares of Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. UBS Group increased their price target on Nayax from $39.00 to $43.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Jefferies Financial Group restated a "buy" rating on shares of Nayax in a research note on Tuesday, May 13th. Finally, B. Riley reiterated 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. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.00.

Nayax Stock Down 3.7%

The firm has a 50 day moving average of $45.99 and a two-hundred day moving average of $41.58. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 84.65 and a beta of 0.23. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.77.

Nayax (NASDAQ:NYAX - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. Nayax had a return on equity of 5.32% and a net margin of 6.06%.The firm had revenue of $95.59 million during the quarter, compared to the consensus estimate of $99.16 million. Nayax has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current fiscal year.

Institutional Trading of Nayax

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its holdings in shares of 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 buying an additional 400 shares in the last quarter. Bank of America Corp DE grew its position 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 acquiring an additional 1,353 shares during the last quarter. Ascent Group LLC acquired a new position in Nayax in the 2nd quarter worth about $220,000. Vanguard Personalized Indexing Management LLC acquired a new position in Nayax in the 2nd quarter worth about $340,000. Finally, Citadel Advisors LLC bought a new position in Nayax in the fourth quarter valued at about $217,000. Institutional investors and hedge funds 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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