Ascent Group LLC Acquires Shares of 4,368 Nayax Ltd. $NYAX

Ascent Group LLC acquired a new stake in shares of Nayax Ltd. (NASDAQ:NYAX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,368 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares during the last quarter. Bosun Asset Management LLC purchased a new stake in shares of Nayax during the 1st quarter valued at about $332,000. Swiss National Bank boosted its holdings in shares of Nayax by 17.6% during the 1st quarter. Swiss National Bank now owns 24,871 shares of the company’s stock valued at $838,000 after acquiring an additional 3,714 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Nayax during the 1st quarter valued at about $935,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Nayax during the 1st quarter valued at about $1,906,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NYAX shares. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $40.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nayax in a report on Wednesday. Finally, UBS Group raised their price objective on shares of Nayax from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Nayax presently has an average rating of “Hold” and an average price target of $42.00.

Nayax Price Performance

NASDAQ NYAX opened at $49.24 on Thursday. Nayax Ltd. has a 12 month low of $24.61 and a 12 month high of $52.46. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 86.39 and a beta of 0.21. The company’s 50 day moving average is $47.01 and its two-hundred day moving average is $43.83. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77.

Nayax (NASDAQ:NYAX) last released its earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, topping 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 company had revenue of $95.59 million for the quarter, compared to analysts’ expectations of $99.16 million. Nayax has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Nayax Ltd. will post -0.16 earnings per share for the current year.

Nayax 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.