Nuveen LLC Takes Position in Nayax Ltd. $NYAX

Nuveen LLC acquired a new stake in Nayax Ltd. (NASDAQ:NYAX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,761 shares of the company’s stock, valued at approximately $935,000. Nuveen LLC owned about 0.08% of Nayax at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Bank of America Corp DE boosted its holdings 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 acquiring an additional 1,353 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Nayax by 17.6% in the 1st quarter. Swiss National Bank now owns 24,871 shares of the company’s stock valued at $838,000 after acquiring an additional 3,714 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Nayax in the 4th quarter valued at $217,000. Jane Street Group LLC purchased a new stake in Nayax during the fourth quarter worth $351,000. Finally, ARK Investment Management LLC purchased a new stake in Nayax during the first quarter worth $1,906,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Stock Performance

NYAX opened at $49.75 on Tuesday. 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 company has a market cap of $1.76 billion, a price-to-earnings ratio of 87.28 and a beta of 0.23. Nayax Ltd. has a 52-week low of $22.70 and a 52-week high of $52.46. The firm’s fifty day simple moving average is $46.10 and its two-hundred day simple moving average is $41.74.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The business had revenue of $95.59 million for the quarter, compared to the consensus estimate of $99.16 million. Nayax had a net margin of 6.06% and a return on equity of 5.32%. Nayax has set its FY 2025 guidance at EPS. Equities analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NYAX. B. Riley reissued a “buy” rating and set a $47.00 price target (up from $44.00) on shares of Nayax in a report on Wednesday, May 14th. Keefe, Bruyette & Woods increased their price target on shares of Nayax from $40.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, July 9th. Wall Street Zen downgraded shares of Nayax from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 1st. Jefferies Financial Group reissued a “buy” rating on shares of Nayax in a report on Tuesday, May 13th. Finally, UBS Group increased 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. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nayax currently has an average rating of “Hold” and a consensus price target of $42.00.

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.