Nayax (NASDAQ:NYAX) Shares Gap Up – Here’s What Happened

Nayax Ltd. (NASDAQ:NYAX) gapped up before the market opened on Wednesday . The stock had previously closed at $39.83, but opened at $42.43. Nayax shares last traded at $41.8010, with a volume of 11,477 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on NYAX shares. UBS Group raised their price objective on shares of Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday. Keefe, Bruyette & Woods decreased their target price on Nayax from $50.00 to $47.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, Weiss Ratings restated 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.33.

Nayax Price Performance

The firm has a market cap of $1.60 billion, a P/E ratio of 70.31 and a beta of 0.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.59. The firm’s 50 day moving average is $45.21 and its 200 day moving average is $45.26.

Nayax (NASDAQ:NYAX) last released its earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.12). Nayax had a net margin of 6.49% and a return on equity of 6.73%. The business had revenue of $104.28 million for the quarter, compared to analysts’ expectations of $109.51 million. Nayax has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Nayax

A number of institutional investors have recently modified their holdings of NYAX. Russell Investments Group Ltd. raised its position in shares of Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Osaic Holdings Inc. bought a new stake in Nayax during the 2nd quarter valued at about $33,000. Vanguard Personalized Indexing Management LLC increased its stake in Nayax by 10.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 7,464 shares of the company’s stock valued at $355,000 after purchasing an additional 693 shares in the last quarter. Bank of America Corp DE raised its holdings in Nayax by 254.9% in the third quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock worth $63,000 after buying an additional 956 shares during the last quarter. Finally, ARK Investment Management LLC lifted its stake in shares of Nayax by 3.2% in the third quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock worth $2,058,000 after buying an additional 1,331 shares in the last quarter. 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.