William Blair Brokers Raise Earnings Estimates for Nayax

Nayax Ltd. (NASDAQ:NYAX) – Stock analysts at William Blair upped their Q4 2024 earnings per share estimates for Nayax in a research note issued to investors on Tuesday, November 12th. William Blair analyst C. Kennedy now forecasts that the company will post earnings of $0.05 per share 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.

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

Nayax Stock Performance

Shares of Nayax stock opened at $28.52 on Thursday. Nayax has a 12 month low of $18.46 and a 12 month high of $30.99. The firm has a market capitalization of $1.01 billion, a P/E ratio of -92.00 and a beta of -0.08. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $26.31 and a two-hundred day simple moving average of $24.84.

Institutional Investors Weigh In On Nayax

A number of institutional investors have recently made changes to their positions in NYAX. Y.D. More Investments Ltd bought a new position in Nayax in the 2nd quarter valued at approximately $14,790,000. Assenagon Asset Management S.A. lifted its holdings in shares of Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after purchasing an additional 115,262 shares in the last quarter. Swedbank AB boosted its position in shares of Nayax by 107.6% during the third 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 last quarter. Allspring Global Investments Holdings LLC bought a new stake in Nayax in the 2nd quarter worth about $1,673,000. Finally, Altshuler Shaham Ltd purchased a new position in Nayax in the 2nd quarter worth about $1,010,000. 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.