William Blair Has Positive Outlook for Nayax Q4 Earnings

Nayax Ltd. (NASDAQ:NYAX) – Research analysts at William Blair lifted their Q4 2024 EPS estimates for shares of Nayax in a note issued to investors on Tuesday, November 12th. William Blair analyst C. Kennedy now anticipates that the company will earn $0.05 per share for the quarter, up from their previous forecast of $0.02. The consensus estimate for Nayax’s current full-year earnings is ($0.19) per share.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group upgraded Nayax from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Oppenheimer assumed coverage on Nayax in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Keefe, Bruyette & Woods cut their price target 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. Finally, 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 report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Nayax currently has a consensus rating of “Hold” and a consensus target price of $27.33.

Nayax Stock Performance

Shares of NASDAQ:NYAX opened at $28.10 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $26.23 and a 200-day moving average price of $24.82. The company has a market cap of $996.43 million, a price-to-earnings ratio of -91.16 and a beta of -0.08. Nayax has a 12 month low of $18.46 and a 12 month high of $30.99.

Institutional Trading of Nayax

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hood River Capital Management LLC bought a new stake in Nayax in the first quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Nayax by 16.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,915 shares of the company’s stock valued at $168,000 after purchasing an additional 1,099 shares in the last quarter. Ingalls & Snyder LLC bought a new stake in Nayax during the 2nd quarter valued at about $229,000. Altshuler Shaham Ltd bought a new position in shares of Nayax in the second quarter worth approximately $1,010,000. Finally, Baillie Gifford & Co. grew its holdings in shares of Nayax by 1.2% during the second quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock valued at $1,072,000 after buying an additional 616 shares during the last quarter. 34.87% of the stock is 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.