Nayax (NASDAQ:NYAX) Price Target Lowered to $47.00 at Keefe, Bruyette & Woods

Nayax (NASDAQ:NYAX) had its price objective decreased by research analysts at Keefe, Bruyette & Woods from $50.00 to $47.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 4.68% from the stock’s previous close.

Several other equities research analysts also recently issued reports on NYAX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research note on Wednesday, October 8th. UBS Group increased their price target on Nayax from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.67.

Nayax Stock Up 3.1%

Shares of NASDAQ:NYAX traded up $1.34 during midday trading on Thursday, reaching $44.90. 19,919 shares of the company were exchanged, compared to its average volume of 11,433. The stock has a fifty day simple moving average of $45.33 and a two-hundred day simple moving average of $45.26. Nayax has a fifty-two week low of $26.77 and a fifty-two week high of $52.46. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.59 billion, a PE ratio of 78.77 and a beta of 0.20.

Nayax (NASDAQ:NYAX) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Nayax had a return on equity of 5.32% and a net margin of 6.06%.The company had revenue of $104.28 million for the quarter, compared to the consensus estimate of $109.51 million. Nayax has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Nayax will post -0.16 earnings per share for the current year.

Institutional Trading of Nayax

A number of large investors have recently bought and sold shares of NYAX. Russell Investments Group Ltd. grew its stake in shares of Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the period. Osaic Holdings Inc. bought a new stake in shares of Nayax in the second quarter valued at approximately $33,000. Bank of America Corp DE lifted its stake in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after buying an additional 1,353 shares in the last quarter. Alliancebernstein L.P. bought a new position in Nayax in the 3rd quarter worth approximately $128,000. Finally, Ascent Group LLC bought a new stake in Nayax during the 2nd quarter valued at $220,000. 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.