William Blair Comments on Nayax’s Q4 Earnings (NASDAQ:NYAX)

Nayax Ltd. (NASDAQ:NYAX) – Equities research analysts at William Blair increased their Q4 2024 earnings estimates for Nayax in a research note issued on Tuesday, November 12th. William Blair analyst C. Kennedy now forecasts that the company will post earnings per share of $0.05 for the quarter, up from their previous estimate of $0.02. The consensus estimate for Nayax’s current full-year earnings is ($0.19) per share.

Several other analysts have also issued reports on the stock. Barclays upped their price target on shares of Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods dropped their target price on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer began coverage on Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Nayax has a consensus rating of “Hold” and a consensus target price of $27.33.

Nayax Price Performance

NYAX stock opened at $28.52 on Thursday. The firm has a market cap of $1.01 billion, a P/E ratio of -92.00 and a beta of -0.08. The firm’s fifty day moving average is $26.31 and its 200 day moving average is $24.84. Nayax has a 52 week low of $18.46 and a 52 week high of $30.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.17 and a current ratio of 1.25.

Institutional Trading of Nayax

Several large investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after buying an additional 2,266 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Nayax in the third quarter worth $69,000. Hood River Capital Management LLC bought a new stake in Nayax in the first quarter valued at $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Nayax by 16.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Ingalls & Snyder LLC purchased a new position in Nayax during the 2nd quarter valued at $229,000. 34.87% of the stock is owned by institutional investors.

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.