FY2024 Earnings Estimate for Nayax Issued By William Blair

Nayax Ltd. (NASDAQ:NYAX) – Investment analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for Nayax in a research note issued to investors on Tuesday, November 12th. William Blair analyst C. Kennedy now forecasts that the company will post earnings of ($0.15) per share for the year, up from their previous forecast of ($0.20). The consensus estimate for Nayax’s current full-year earnings is ($0.19) per share. William Blair also issued estimates for Nayax’s FY2025 earnings at $0.53 EPS and FY2026 earnings at $1.16 EPS.

Other equities research analysts have also issued research reports about the stock. Oppenheimer assumed coverage on shares of Nayax in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Keefe, Bruyette & Woods decreased their price target on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Barclays boosted their price target on Nayax from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group raised Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.33.

Nayax Stock Performance

NYAX stock opened at $28.52 on Friday. Nayax has a twelve month low of $18.46 and a twelve month high of $30.99. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -92.00 and a beta of -0.08. The business’s fifty day simple moving average is $26.39 and its two-hundred day simple moving average is $24.86. The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.11.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Nayax had a negative return on equity of 7.32% and a negative net margin of 3.62%. The firm had revenue of $83.01 million during the quarter, compared to analyst estimates of $88.40 million. During the same period last year, the company earned ($0.09) EPS.

Institutional Investors Weigh In On Nayax

Several institutional investors and hedge funds have recently made changes to their positions in NYAX. Barclays PLC grew its stake in Nayax by 5,526.8% during the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after purchasing an additional 2,266 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Nayax during the third quarter worth about $69,000. Azora Capital LP boosted its position in Nayax by 4.9% in the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock valued at $2,583,000 after buying an additional 4,724 shares during the last quarter. Swedbank AB increased its holdings in Nayax by 107.6% in the 3rd quarter. Swedbank AB now owns 207,559 shares of the company’s stock worth $5,233,000 after buying an additional 107,559 shares during the period. Finally, ARK Investment Management LLC raised its position in Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock worth $2,261,000 after buying an additional 1,445 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.