Nayax (NASDAQ:NYAX) Now Covered by Analysts at B. Riley

B. Riley began coverage on shares of Nayax (NASDAQ:NYAX) in a report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $38.00 price target on the stock. B. Riley also issued estimates for Nayax’s Q4 2024 earnings at $0.02 EPS, FY2024 earnings at ($0.17) EPS, FY2025 earnings at $0.57 EPS and FY2026 earnings at $1.30 EPS.

A number of other research firms have also recently issued reports on NYAX. Jefferies Financial Group upgraded shares of Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer began coverage on Nayax in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Barclays lifted their price target on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nayax currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Nayax Price Performance

Shares of NYAX stock opened at $28.69 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The stock’s fifty day simple moving average is $26.72 and its 200 day simple moving average is $24.89. Nayax has a one year low of $18.46 and a one year high of $30.99. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -92.55 and a beta of -0.08.

Nayax (NASDAQ:NYAX) last posted its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The business had revenue of $83.01 million for the quarter, compared to analyst estimates of $88.40 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. On average, analysts expect that Nayax will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NYAX. Hood River Capital Management LLC bought a new position in Nayax in the first quarter valued at approximately $102,000. Swedbank AB acquired a new position in Nayax in the first quarter valued at about $2,620,000. Baillie Gifford & Co. boosted its holdings 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 buying an additional 616 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Nayax during the 2nd quarter worth about $1,673,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 acquiring an additional 1,099 shares during the last quarter. 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.