Nayax's (NYAX) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Nayax's stock has a "sell (D-)" rating reiterated by Weiss Ratings, indicating ongoing concerns from analysts.
• The consensus rating for Nayax is currently a "Hold", with a price target of $42.00.
• Recent quarterly earnings showed Nayax reporting $0.16 earnings per share, beating expectations, although revenue fell short of consensus estimates.

Nayax (NASDAQ:NYAX - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently issued reports on NYAX. Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday, July 9th. UBS Group increased their price objective on shares of Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Nayax presently has a consensus rating of "Hold" and a consensus price target of $42.00.

Nayax Price Performance

Shares of NYAX stock opened at $49.24 on Wednesday. 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's 50-day simple moving average is $47.01 and its two-hundred day simple moving average is $43.83. Nayax has a one year low of $24.61 and a one year high of $52.46. The company has a market capitalization of $1.75 billion, a P/E ratio of 86.39 and a beta of 0.21.

Nayax (NASDAQ:NYAX - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. Nayax had a net margin of 6.06% and a return on equity of 5.32%. The firm had revenue of $95.59 million for the quarter, compared to the consensus estimate of $99.16 million. Nayax has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Nayax will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Y.D. More Investments Ltd raised its holdings in shares of Nayax by 6.6% during the second quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company's stock worth $59,025,000 after purchasing an additional 72,751 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Nayax by 2.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company's stock valued at $22,415,000 after buying an additional 16,200 shares during the period. Ibex Investors LLC grew its position in Nayax by 19.3% during the first quarter. Ibex Investors LLC now owns 416,015 shares of the company's stock valued at $14,039,000 after buying an additional 67,276 shares during the period. Goldman Sachs Group Inc. grew its position in Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company's stock valued at $9,966,000 after buying an additional 89,886 shares during the period. Finally, ARK Investment Management LLC acquired a new stake in shares of Nayax in the first quarter valued at about $1,906,000. 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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