Equities Analysts Set Expectations for Nayax FY2024 Earnings

Nayax Ltd. (NASDAQ:NYAX) – Analysts at B. Riley issued their FY2024 earnings estimates for Nayax in a research report issued 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 currently 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.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share for the quarter, topping 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 firm had revenue of $83.01 million for the quarter, compared to the consensus estimate of $88.40 million. During the same period last year, the firm posted ($0.09) earnings per share.

A number of other equities analysts also recently commented on NYAX. Keefe, Bruyette & Woods reduced their target price on shares of Nayax from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Barclays lifted their target price on shares of Nayax from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Oppenheimer started coverage on shares of Nayax in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Jefferies Financial Group upgraded shares of 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, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nayax currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Nayax Price Performance

Shares of NYAX stock opened at $28.69 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. The firm’s 50-day moving average is $26.63 and its two-hundred day moving average is $24.86. Nayax has a 12 month low of $18.46 and a 12 month high of $30.99. The company has a market capitalization of $1.02 billion, a PE ratio of -88.00 and a beta of -0.08.

Institutional Investors Weigh In On Nayax

A number of institutional investors have recently made changes to their positions in NYAX. Y.D. More Investments Ltd acquired a new position in shares of Nayax in the second quarter valued at approximately $14,790,000. Assenagon Asset Management S.A. grew its holdings in shares of Nayax by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock valued at $4,638,000 after purchasing an additional 115,262 shares in the last quarter. Swedbank AB grew its holdings in shares of Nayax by 107.6% in the third quarter. Swedbank AB now owns 207,559 shares of the company’s stock valued at $5,233,000 after purchasing an additional 107,559 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Nayax in the second quarter valued at approximately $1,673,000. Finally, Altshuler Shaham Ltd purchased a new position in Nayax in the second quarter worth approximately $1,010,000. 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.