Research Analysts Issue Forecasts for Nayax FY2024 Earnings

Nayax Ltd. (NASDAQ:NYAX) – Research analysts at William Blair lifted their FY2024 earnings estimates for Nayax in a research report issued on Tuesday, November 12th. William Blair analyst C. Kennedy now forecasts that the company will post earnings of ($0.15) per share for the year, up from their prior forecast of ($0.20). The consensus estimate for Nayax’s current full-year earnings is ($0.19) per share. William Blair also issued estimates for Nayax’s FY2025 earnings at $0.53 EPS and FY2026 earnings at $1.16 EPS.

A number of other equities research analysts have also commented on NYAX. Oppenheimer initiated coverage on Nayax in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Barclays upped their price objective on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods decreased their target price on 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, Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Nayax presently has a consensus rating of “Hold” and an average target price of $27.33.

Nayax Stock Performance

Nayax stock opened at $28.10 on Friday. The business’s 50-day simple moving average is $26.23 and its two-hundred day simple moving average is $24.82. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.11. Nayax has a fifty-two week low of $18.46 and a fifty-two week high of $30.99.

Institutional Investors Weigh In On Nayax

A number of large investors have recently modified their holdings of NYAX. Hood River Capital Management LLC acquired a new position in Nayax in the first quarter valued at approximately $102,000. Swedbank AB purchased a new stake in Nayax in the first quarter valued at approximately $2,620,000. Baillie Gifford & Co. lifted its stake in Nayax by 1.2% during the second quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after purchasing an additional 616 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nayax in the second quarter valued at $1,673,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Nayax by 16.1% in the 2nd 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. 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.