Nayax (NASDAQ:NYAX) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Nayax (NASDAQ:NYAX - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.01, Zacks reports. Nayax had a negative net margin of 3.62% and a negative return on equity of 7.32%. The firm had revenue of $89.00 million for the quarter, compared to analysts' expectations of $91.89 million. Nayax updated its FY 2025 guidance to EPS.

Nayax Stock Up 3.4 %

NYAX traded up $1.18 during trading hours on Friday, reaching $35.83. 1,751 shares of the stock traded hands, compared to its average volume of 7,913. Nayax has a fifty-two week low of $20.31 and a fifty-two week high of $40.70. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -115.58 and a beta of 0.02. 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 firm's fifty day simple moving average is $35.96 and its two-hundred day simple moving average is $29.81.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Nayax from $33.00 to $38.00 and gave the company a "market perform" rating in a report on Thursday. B. Riley restated a "buy" rating and set a $44.00 price objective (up previously from $42.00) on shares of Nayax in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Nayax presently has a consensus rating of "Hold" and an average price target of $34.75.

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Hedge Funds Weigh In On Nayax

A hedge fund recently raised its stake in Nayax stock. Bank of America Corp DE boosted its holdings in Nayax Ltd. (NASDAQ:NYAX - Free Report) by 920.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,500 shares of the company's stock after purchasing an additional 1,353 shares during the period. Bank of America Corp DE's holdings in Nayax were worth $44,000 at the end of the most recent reporting period. 34.87% of the stock is owned by hedge funds and other institutional investors.

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.