Q3 2024 Earnings Estimate for Nayax Ltd. (NASDAQ:NYAX) Issued By William Blair

Nayax Ltd. (NASDAQ:NYAX) – William Blair decreased their Q3 2024 earnings estimates for Nayax in a research note issued to investors on Wednesday, August 7th. William Blair analyst C. Kennedy now anticipates that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.02. The consensus estimate for Nayax’s current full-year earnings is ($0.11) per share. William Blair also issued estimates for Nayax’s FY2025 earnings at $0.28 EPS.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Nayax had a negative net margin of 6.20% and a negative return on equity of 13.46%. The business had revenue of $78.09 million during the quarter, compared to analyst estimates of $78.10 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share.

Other equities research analysts have also issued reports about the stock. Barclays cut their target price on shares of Nayax from $27.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. UBS Group started coverage on shares of Nayax in a report on Monday, April 29th. They issued a “neutral” rating and a $29.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut their target price on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday.

Nayax Trading Down 0.2 %

Shares of NASDAQ NYAX opened at $22.99 on Friday. The company’s 50 day simple moving average is $22.81 and its 200 day simple moving average is $24.93. Nayax has a fifty-two week low of $18.46 and a fifty-two week high of $30.99. The firm has a market capitalization of $755.15 million, a P/E ratio of -49.98 and a beta of 0.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.36 and a quick ratio of 1.27.

Institutional Investors Weigh In On Nayax

Several hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in shares of Nayax during the second quarter worth $14,790,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Nayax during the first quarter worth $9,170,000. Swedbank AB acquired a new stake in shares of Nayax during the first quarter worth $2,620,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nayax during the second quarter worth $1,673,000. Finally, Baillie Gifford & Co. acquired a new stake in shares of Nayax during the first quarter worth $1,302,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.