Nayax (NASDAQ:NYAX) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Nayax (NASDAQ:NYAX) from a hold rating to a strong sell rating in a report issued on Thursday morning,Zacks.com reports.

Other research analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Wednesday, October 8th. UBS Group raised their price target on Nayax from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday. Keefe, Bruyette & Woods cut their price objective on shares of Nayax from $50.00 to $47.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, Wall Street Zen lowered shares of Nayax from a “buy” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $47.33.

Nayax Trading Up 1.4%

NASDAQ NYAX opened at $45.06 on Thursday. Nayax has a 52 week low of $26.77 and a 52 week high of $52.46. The company has a 50 day moving average price of $45.09 and a 200 day moving average price of $45.33. The company has a quick ratio of 1.59, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.60 billion, a PE ratio of 70.41 and a beta of 0.20.

Nayax (NASDAQ:NYAX) last released its quarterly 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). The firm had revenue of $104.28 million during the quarter, compared to analysts’ expectations of $109.51 million. Nayax had a return on equity of 6.51% and a net margin of 6.49%. Nayax has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Nayax will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Nayax

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in Nayax during the 3rd quarter worth approximately $223,000. Bank of America Corp DE increased its stake in shares of 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 acquiring an additional 956 shares during the period. Alliancebernstein L.P. purchased a new position in shares of Nayax during the third quarter worth $128,000. ARK Investment Management LLC lifted its position in Nayax by 3.2% during the third quarter. ARK Investment Management LLC now owns 43,117 shares of the company’s stock valued at $2,058,000 after purchasing an additional 1,331 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Nayax by 4,022.5% in the third quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock valued at $26,210,000 after purchasing an additional 535,476 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

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.