William Blair Issues Optimistic Outlook for Nayax Earnings

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

Other equities analysts also recently issued reports about the stock. Barclays boosted their target price on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research note 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 research note on Thursday, August 8th. Finally, Oppenheimer started coverage on Nayax in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.33.

Nayax Trading Up 6.7 %

Shares of NASDAQ NYAX opened at $28.00 on Thursday. Nayax has a 1-year low of $18.46 and a 1-year high of $30.99. The business has a fifty day moving average price of $26.16 and a 200 day moving average price of $24.80. The stock has a market capitalization 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 current ratio of 1.25 and a quick ratio of 1.17.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Hood River Capital Management LLC purchased a new stake in Nayax during the 1st quarter valued at about $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 worth $168,000 after purchasing an additional 1,099 shares during the period. Ingalls & Snyder LLC acquired a new stake in shares of Nayax during the second quarter worth about $229,000. Altshuler Shaham Ltd purchased a new stake in Nayax in the second quarter valued at approximately $1,010,000. Finally, Baillie Gifford & Co. increased its holdings in Nayax by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after buying an additional 616 shares during the period. Institutional investors and hedge funds 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.