William Blair Analysts Increase Earnings Estimates for Nayax

Nayax Ltd. (NASDAQ:NYAX - Free Report) - Research analysts at William Blair upped their FY2024 earnings per share estimates for Nayax in a note issued to investors on Tuesday, November 12th. William Blair analyst C. Kennedy now forecasts that the company will post earnings of ($0.15) per share for the year, up from their previous estimate 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.

Several other equities analysts have also recently weighed in on NYAX. Barclays lifted their price target on Nayax from $23.00 to $28.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods reduced their target price 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. Oppenheimer began coverage on Nayax in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. Finally, Jefferies Financial Group upgraded Nayax from a "hold" rating to a "buy" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $27.33.

Nayax Stock Performance

Shares of NASDAQ NYAX traded up $0.42 during mid-day trading on Friday, hitting $28.52. The company had a trading volume of 2,415 shares, compared to its average volume of 8,362. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -92.00 and a beta of -0.08. Nayax has a 1 year low of $18.46 and a 1 year high of $30.99. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.11. The stock's 50-day moving average price is $26.31 and its 200-day moving average price is $24.84.

Institutional Investors Weigh In On Nayax

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company's stock valued at $58,000 after acquiring an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Nayax during the 3rd quarter valued at approximately $69,000. Hood River Capital Management LLC bought a new position in Nayax during the 1st quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 during the last quarter. Finally, Ingalls & Snyder LLC bought a new position in Nayax during the 2nd quarter valued at approximately $229,000. 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.