William Blair Has Positive Outlook for Nayax FY2024 Earnings

Nayax Ltd. (NASDAQ:NYAX) – Investment analysts at William Blair boosted their FY2024 earnings per share (EPS) estimates for Nayax in a report released on Tuesday, November 12th. William Blair analyst C. Kennedy now anticipates that the company will post earnings per share of ($0.15) 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.

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

Nayax Trading Up 1.5 %

Shares of NYAX stock opened at $28.52 on Friday. Nayax has a 52-week low of $18.46 and a 52-week high of $30.99. The business’s fifty day moving average is $26.31 and its 200 day moving average is $24.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.17 and a current ratio of 1.25. The company has a market capitalization of $1.01 billion, a PE ratio of -92.00 and a beta of -0.08.

Institutional Investors Weigh In On Nayax

Several institutional investors have recently bought and sold shares of NYAX. Swedbank AB purchased a new stake in Nayax during the 1st quarter valued at $2,620,000. Y.D. More Investments Ltd purchased a new position in Nayax during the 2nd quarter valued at about $14,790,000. Allspring Global Investments Holdings LLC bought a new position in Nayax during the 2nd quarter valued at approximately $1,673,000. Baillie Gifford & Co. lifted 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. Finally, Assenagon Asset Management S.A. lifted its holdings in Nayax by 184.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after buying an additional 115,262 shares during the period. 34.87% of the stock is currently owned by hedge funds and other 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.