Weiss Ratings Reiterates Sell (D-) Rating for Nayax (NASDAQ:NYAX)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Nayax (NASDAQ: NYAX), indicating ongoing concerns about the company's stock performance.
• Other analysts have provided mixed reviews; Keefe, Bruyette & Woods increased their price target to $50, while UBS raised it to $43, maintaining a "neutral" rating.
• Nayax recently reported quarterly earnings of $0.16 per share, exceeding estimates, but its revenue of $95.59 million fell short of expectations, indicating potential challenges ahead.

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

A number of other research analysts also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Nayax from $40.00 to $50.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. UBS Group lifted their price target on Nayax from $39.00 to $43.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Nayax has a consensus rating of "Hold" and a consensus target price of $46.67.

Nayax Stock Up 0.7%

Shares of NASDAQ:NYAX opened at $44.13 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.56 billion, a P/E ratio of 77.42 and a beta of 0.21. The business's 50 day moving average is $47.79 and its 200 day moving average is $44.89. Nayax has a 52-week low of $25.32 and a 52-week high of $52.46.

Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly earnings results 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 return on equity of 5.32% and a net margin of 6.06%.The business 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. Sell-side analysts predict that Nayax will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Nayax

A number of institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd raised its stake in shares of Nayax by 6.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,170,927 shares of the company's stock valued at $59,025,000 after buying an additional 72,751 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nayax by 2.5% during the 1st 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 last quarter. Ibex Investors LLC raised its stake in shares of Nayax by 19.3% during the 1st 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 last quarter. Goldman Sachs Group Inc. raised its stake in shares of Nayax by 43.9% during the 1st 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 last quarter. Finally, ARK Investment Management LLC purchased a new position in shares of Nayax during the 1st 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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