Nayax (NASDAQ:NYAX) Announces Earnings Results

Nayax (NASDAQ:NYAX) posted its quarterly earnings results on Wednesday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12), Zacks reports. Nayax had a return on equity of 6.73% and a net margin of 6.49%.The business had revenue of $104.28 million for the quarter, compared to analysts’ expectations of $109.51 million. Nayax updated its FY 2025 guidance to EPS.

Nayax Stock Up 2.0%

NASDAQ NYAX opened at $44.45 on Friday. The business’s 50-day moving average is $45.21 and its 200 day moving average is $45.26. The stock has a market capitalization of $1.58 billion, a PE ratio of 69.45 and a beta of 0.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.59. Nayax has a 1 year low of $26.77 and a 1 year high of $52.46.

Analyst Ratings Changes

A number of brokerages recently commented on NYAX. UBS Group lifted their target price 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods dropped their target price on Nayax from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Nayax has an average rating of “Hold” and an average target price of $45.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new stake in shares of Nayax during the second quarter valued at approximately $33,000. Bank of America Corp DE grew its stake in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the period. Alliancebernstein L.P. bought a new position in Nayax in the third quarter worth $128,000. Finally, Citadel Advisors LLC purchased a new position in Nayax during the third quarter valued at $223,000. 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.