Ingalls & Snyder LLC Sells 1,800 Shares of Nayax Ltd. $NYAX

Ingalls & Snyder LLC lowered its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 17.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,700 shares of the company’s stock after selling 1,800 shares during the quarter. Ingalls & Snyder LLC’s holdings in Nayax were worth $437,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NYAX. 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 worth $44,000 after buying an additional 1,353 shares in the last quarter. ARK Investment Management LLC bought a new stake in Nayax during the first quarter worth $1,906,000. Ibex Investors LLC grew its stake in Nayax by 19.3% in the 1st 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 period. Swiss National Bank grew its stake in Nayax by 17.6% in the 1st 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 period. Finally, Nuveen LLC bought a new position in Nayax in the 1st quarter valued at $935,000. Institutional investors own 34.87% of the company’s stock.

Nayax Stock Up 0.7%

Shares of NASDAQ NYAX opened at $44.13 on Monday. Nayax Ltd. has a one year low of $25.32 and a one year high of $52.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.59. The business’s fifty day moving average price is $47.79 and its 200-day moving average price is $44.95. The stock has a market capitalization of $1.56 billion, a PE ratio of 77.42 and a beta of 0.21.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. Nayax had a return on equity of 5.32% and a net margin of 6.06%.The firm 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. On average, equities research analysts anticipate that Nayax Ltd. will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NYAX. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Saturday. Keefe, Bruyette & Woods upped their price objective on Nayax from $40.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, July 9th. Finally, UBS Group upped their price objective on Nayax from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nayax has an average rating of “Hold” and an average target price of $46.67.

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.