B. Riley Comments on Nayax’s Q4 Earnings (NASDAQ:NYAX)

Nayax Ltd. (NASDAQ:NYAX) – Equities research analysts at B. Riley boosted their Q4 2024 EPS estimates for shares of Nayax in a research report issued to clients and investors on Tuesday, February 25th. B. Riley analyst J. Nichols now expects that the company will post earnings of $0.03 per share for the quarter, up from their prior estimate of $0.02. 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 Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.17 EPS and Q4 2025 earnings at $0.23 EPS.

Several other brokerages also recently commented on NYAX. Jefferies Financial Group upgraded Nayax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on shares of Nayax from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.25.

Nayax Price Performance

Nayax stock opened at $38.23 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.16. Nayax has a one year low of $20.31 and a one year high of $40.70. The firm has a market capitalization of $1.36 billion, a P/E ratio of -123.30 and a beta of 0.02. The business has a fifty day moving average price of $34.72 and a 200-day moving average price of $29.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its stake in shares of Nayax by 184.1% during the third quarter. Assenagon Asset Management S.A. now owns 177,874 shares of the company’s stock worth $4,638,000 after acquiring an additional 115,262 shares in the last quarter. ARK Investment Management LLC grew its holdings in shares of Nayax by 1.7% during the 3rd quarter. ARK Investment Management LLC now owns 86,869 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,445 shares during the last quarter. Swedbank AB raised its position 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 purchasing an additional 107,559 shares during the period. Azora Capital LP lifted its stake in Nayax by 4.9% in the third quarter. Azora Capital LP now owns 100,685 shares of the company’s stock worth $2,583,000 after purchasing an additional 4,724 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Nayax during the third quarter valued at about $69,000. 34.87% of the stock is currently owned by hedge funds and other 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.