William Blair Predicts Nayax's Q4 Earnings (NASDAQ:NYAX)

Nayax Ltd. (NASDAQ:NYAX - Free Report) - Investment analysts at William Blair upped their Q4 2024 earnings per share estimates for shares of Nayax in a research 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 estimate of $0.02. The consensus estimate for Nayax's current full-year earnings is ($0.19) per share.

A number of other analysts have also issued reports on the stock. 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 cut 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. Barclays raised their target price on Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Finally, Oppenheimer initiated coverage on shares of Nayax in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $27.33.

Nayax Stock Up 0.4 %

Shares of NASDAQ:NYAX traded up $0.10 during mid-day trading on Thursday, hitting $28.10. 6,152 shares of the company traded hands, compared to its average volume of 8,392. The firm has a market cap of $996.43 million, a P/E ratio of -91.16 and a beta of -0.08. Nayax has a 52-week low of $18.46 and a 52-week high of $30.99. The firm's 50 day simple moving average is $26.23 and its 200 day simple moving average is $24.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.25.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hood River Capital Management LLC bought a new stake in shares of Nayax during the 1st quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 acquiring an additional 1,099 shares during the period. Ingalls & Snyder LLC bought a new stake in Nayax in the second quarter worth about $229,000. Altshuler Shaham Ltd bought a new position in shares of Nayax during the 2nd quarter valued at about $1,010,000. Finally, 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 valued at $1,072,000 after purchasing an additional 616 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company's stock.

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.