Analysts Set Nayax Ltd. (NASDAQ:NYAX) PT at $42.00

Shares of Nayax Ltd. (NASDAQ:NYAX) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $42.00.

NYAX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price 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. UBS Group increased their price objective on shares of Nayax from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Finally, Wall Street Zen cut shares of Nayax from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 1st.

Hedge Funds Weigh In On Nayax

A number of institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake 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 during the period. Osaic Holdings Inc. bought a new position in shares of Nayax during the second quarter valued at approximately $33,000. Bank of America Corp DE boosted its stake in shares of Nayax by 920.4% during the fourth 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 in the last quarter. Ascent Group LLC bought a new position in shares of Nayax during the second quarter valued at approximately $220,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Nayax during the second quarter valued at approximately $340,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Nayax Price Performance

Shares of NYAX opened at $46.16 on Monday. Nayax has a 1-year low of $24.26 and a 1-year high of $52.46. The firm has a fifty day simple moving average of $46.21 and a two-hundred day simple moving average of $42.57. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.64 billion, a PE ratio of 80.98 and a beta of 0.23.

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

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.