Ascent Group LLC Takes $220,000 Position in Nayax Ltd. $NYAX

Ascent Group LLC acquired a new stake in shares of Nayax Ltd. (NASDAQ:NYAX) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 4,368 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ARK Investment Management LLC bought a new stake in shares of Nayax during the first quarter valued at approximately $1,906,000. Clal Insurance Enterprises Holdings Ltd increased its position in Nayax by 2.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 663,061 shares of the company’s stock worth $22,415,000 after purchasing an additional 16,200 shares during the last quarter. Nuveen LLC bought a new stake in Nayax in the first quarter worth $935,000. Bosun Asset Management LLC bought a new stake in Nayax in the first quarter worth $332,000. Finally, Ibex Investors LLC increased its position in Nayax by 19.3% in the first quarter. Ibex Investors LLC now owns 416,015 shares of the company’s stock worth $14,039,000 after purchasing an additional 67,276 shares during the last quarter. Institutional investors own 34.87% of the company’s stock.

Wall Street Analyst Weigh In

NYAX has been the topic of several research reports. UBS Group boosted their price target on shares of Nayax from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Keefe, Bruyette & Woods boosted their price target on shares of Nayax from $40.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Nayax currently has an average rating of “Hold” and a consensus price target of $42.00.

Nayax Stock Up 2.3%

Shares of NYAX opened at $49.24 on Thursday. The firm has a market capitalization of $1.75 billion, a P/E ratio of 86.39 and a beta of 0.21. Nayax Ltd. has a 12-month low of $24.61 and a 12-month high of $52.46. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $47.01 and a 200-day moving average price of $43.83.

Nayax (NASDAQ:NYAX) last issued its earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The firm had revenue of $95.59 million during the quarter, compared to analyst estimates of $99.16 million. Nayax had a net margin of 6.06% and a return on equity of 5.32%. Nayax has set its FY 2025 guidance at EPS. Equities research analysts expect that Nayax Ltd. will post -0.16 earnings per share for the current year.

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.