Nayax (NASDAQ:NYAX) Given New $47.00 Price Target at Keefe, Bruyette & Woods

Nayax (NASDAQ:NYAX) had its price target decreased by Keefe, Bruyette & Woods from $50.00 to $47.00 in a research note released on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nayax in a research report on Wednesday, October 8th. UBS Group increased their price target on shares of Nayax from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.67.

Nayax Stock Performance

NYAX opened at $44.45 on Thursday. The stock’s 50 day simple moving average is $45.21 and its 200-day simple moving average is $45.26. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.58 billion, a PE ratio of 69.45 and a beta of 0.20. Nayax has a 1 year low of $26.77 and a 1 year high of $52.46.

Nayax (NASDAQ:NYAX) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The business had revenue of $104.28 million for the quarter, compared to analyst estimates of $109.51 million. Nayax had a return on equity of 6.73% and a net margin of 6.49%. Nayax has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Nayax will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,353 shares during the last quarter. ARK Investment Management LLC acquired a new position in shares of Nayax during the first quarter worth approximately $1,906,000. Ibex Investors LLC grew its stake in shares of Nayax by 19.3% during the first quarter. Ibex Investors LLC now owns 416,015 shares of the company’s stock valued at $14,039,000 after purchasing an additional 67,276 shares during the last quarter. Swiss National Bank grew its stake in shares of Nayax by 17.6% during the first quarter. Swiss National Bank now owns 24,871 shares of the company’s stock valued at $838,000 after purchasing an additional 3,714 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Nayax in the first quarter valued at approximately $935,000. 34.87% of the stock is owned by institutional investors.

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.