Equities Analysts Offer Predictions for Nayax Q4 Earnings

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

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

Nayax Stock Performance

NASDAQ NYAX opened at $28.00 on Thursday. The business’s 50 day moving average price is $26.16 and its 200-day moving average price is $24.80. Nayax has a fifty-two week low of $18.46 and a fifty-two week high of $30.99. The company has a market cap of $992.88 million, a P/E ratio of -90.32 and a beta of -0.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.25.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its holdings in Nayax by 1.2% during the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after purchasing an additional 616 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Nayax by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after buying an additional 1,099 shares during the period. Hood River Capital Management LLC raised its holdings in shares of Nayax by 35.8% in the second quarter. Hood River Capital Management LLC now owns 5,313 shares of the company’s stock valued at $116,000 after acquiring an additional 1,401 shares in the last quarter. ARK Investment Management LLC lifted its stake in Nayax by 1.7% in the third quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after acquiring an additional 1,445 shares during the period. Finally, Ingalls & Snyder LLC bought a new position in Nayax during the 2nd quarter worth about $229,000. 34.87% of the stock is currently 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.