B. Riley Comments on Nayax’s FY2024 Earnings (NASDAQ:NYAX)

Nayax Ltd. (NASDAQ:NYAX) – Research analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of Nayax in a research report issued to clients and investors on Monday, November 18th. B. Riley analyst J. Nichols anticipates that the company will post earnings per share of ($0.17) for the year. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Nayax’s current full-year earnings is ($0.16) per share. B. Riley also issued estimates for Nayax’s Q4 2024 earnings at $0.02 EPS, FY2025 earnings at $0.57 EPS and FY2026 earnings at $1.30 EPS.

Several other equities research analysts also recently issued reports on NYAX. Keefe, Bruyette & Woods reduced their price objective on Nayax from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Oppenheimer started coverage on shares of Nayax in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Jefferies Financial Group raised shares of Nayax from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays increased their target price on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Nayax Price Performance

NYAX opened at $28.69 on Thursday. The firm has a market capitalization of $1.02 billion, a P/E ratio of -92.55 and a beta of -0.08. The stock has a fifty day moving average of $26.72 and a 200-day moving average of $24.89. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Nayax has a 12-month low of $18.46 and a 12-month high of $30.99.

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

Institutional Trading of Nayax

Institutional investors have recently added to or reduced their stakes in the business. Swedbank AB bought a new position in shares of Nayax during the 1st quarter valued at $2,620,000. Y.D. More Investments Ltd bought a new position in Nayax during the second quarter valued at about $14,790,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nayax in the second quarter worth about $1,673,000. Baillie Gifford & Co. boosted its stake in shares of Nayax by 1.2% during the 2nd quarter. Baillie Gifford & Co. now owns 50,086 shares of the company’s stock worth $1,072,000 after acquiring an additional 616 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Nayax by 184.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after acquiring an additional 115,262 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

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.