Nayax (NASDAQ:NYAX) Announces Earnings Results

Nayax (NASDAQ:NYAX) released its earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12), Zacks reports. Nayax had a net margin of 6.06% and a return on equity of 5.32%. Nayax updated its FY 2025 guidance to EPS.

Nayax Stock Down 2.3%

Shares of Nayax stock opened at $39.83 on Wednesday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 69.88 and a beta of 0.20. The stock has a 50-day simple moving average of $45.46 and a 200-day simple moving average of $45.27. Nayax has a 52-week low of $26.77 and a 52-week high of $52.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.59.

Institutional Trading of Nayax

A number of institutional investors have recently added to or reduced their stakes in NYAX. Russell Investments Group Ltd. grew its position in Nayax by 210.5% in the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Osaic Holdings Inc. bought a new position in shares of Nayax during the 2nd quarter valued at $33,000. Bank of America Corp DE lifted its stake in shares of Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Nayax in the third quarter worth $128,000. Finally, Citadel Advisors LLC acquired a new position in Nayax during the third quarter worth $223,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on NYAX shares. UBS Group raised their price target on shares of Nayax from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.67.

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.