Nayax (NASDAQ:NYAX) Trading 3.3% Higher Following Better-Than-Expected Earnings

Nayax Ltd. (NASDAQ:NYAXGet Free Report) traded up 3.3% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $44.37 and last traded at $44.54. 8,852 shares were traded during mid-day trading, a decline of 21% from the average session volume of 11,207 shares. The stock had previously closed at $43.13.

The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The firm had revenue of $95.59 million during the quarter, compared to analyst estimates of $99.16 million. Nayax had a return on equity of 5.56% and a net margin of 6.06%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NYAX. Wall Street Zen lowered Nayax from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 1st. B. Riley reaffirmed a “buy” rating and issued a $47.00 target price (up from $44.00) on shares of Nayax in a report on Wednesday, May 14th. UBS Group reaffirmed a “neutral” rating and issued a $43.00 target price (up from $39.00) on shares of Nayax in a report on Thursday. Keefe, Bruyette & Woods upped their target price on Nayax from $40.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, July 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Nayax in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.00.

Check Out Our Latest Report on Nayax

Hedge Funds Weigh In On Nayax

Several institutional investors and hedge funds have recently bought and sold shares of NYAX. Russell Investments Group Ltd. grew its holdings in Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Bank of America Corp DE grew its holdings in Nayax by 920.4% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the period. Citadel Advisors LLC bought a new position in Nayax during the fourth quarter valued at $217,000. Ascent Group LLC bought a new position in Nayax during the second quarter valued at $220,000. Finally, Bosun Asset Management LLC bought a new position in Nayax during the first quarter valued at $332,000. 34.87% of the stock is owned by institutional investors.

Nayax Trading Up 3.2%

The firm has a fifty day simple moving average of $45.54 and a two-hundred day simple moving average of $41.02. The firm has a market capitalization of $1.58 billion, a P/E ratio of 78.05 and a beta of 0.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.67.

Nayax Company Profile

(Get Free Report)

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.

Further Reading

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