Nayax (NASDAQ:NYAX) Earns Buy Rating from Analysts at B. Riley

B. Riley began coverage on shares of Nayax (NASDAQ:NYAX) in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $38.00 target price on the stock. B. Riley also issued estimates for Nayax’s Q4 2024 earnings at $0.02 EPS, FY2024 earnings at ($0.17) EPS, FY2025 earnings at $0.57 EPS and FY2026 earnings at $1.30 EPS.

NYAX has been the topic of several other research reports. Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price target on Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Oppenheimer began coverage on Nayax in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. 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, August 8th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Nayax Trading Up 5.1 %

NASDAQ:NYAX opened at $28.69 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. Nayax has a 1 year low of $18.46 and a 1 year high of $30.99. The stock has a market cap of $1.02 billion, a P/E ratio of -92.55 and a beta of -0.08. The stock has a 50-day simple moving average of $26.63 and a 200-day simple moving average of $24.86.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. During the same period in the prior year, the firm posted ($0.09) earnings per share. As a group, analysts anticipate that Nayax will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nayax

Hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd purchased a new position in Nayax during the second quarter worth about $14,790,000. Swedbank AB lifted its holdings in shares of Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after buying an additional 107,559 shares during the period. Assenagon Asset Management S.A. raised its position in Nayax by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after acquiring an additional 115,262 shares in the last quarter. Azora Capital LP lifted its holdings in Nayax by 4.9% in the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after acquiring an additional 4,724 shares during the period. Finally, ARK Investment Management LLC boosted its position in shares of Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after purchasing an additional 1,445 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

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.