B. Riley Securities Initiates Coverage of Nayax with Mixed Outlook
Fintel reports that on November 19, 2024, B. Riley Securities began coverage of Nayax (NasdaqGS:NYAX) with a Buy recommendation.
Analyst Price Target Indicates Significant Decline
As of October 22, 2024, Nayax’s projected average price target for the next year is $0.22 per share. Predictions vary, with a low of $0.22 and a high of $0.23. This average suggests a striking decrease of 99.19% from the most recent closing price of $27.28 per share.
A look at companies with the largest price target upside can be found in our leaderboard.
Projected Financial Performance
Nayax’s anticipated annual revenue stands at $309 million, reflecting a modest increase of 5.97%. The projected annual non-GAAP earnings per share (EPS) is -0.09.
Assessing Fund Sentiment
Currently, 66 funds or institutions report positions in Nayax, a number that has remained stable over the previous quarter. The average portfolio weight of all funds invested in NYAX is 0.31%, showing an increase of 10.14%. Total institutional shares have risen by 1.04% in the last three months, amounting to 7,645,000 shares.
Institutional Investment Movements
The SMALLCAP WORLD FUND INC (SMCWX) owns 1,075,000 shares, translating to 2.96% of the company, with no changes in its holdings over the last quarter.
Similarly, Capital World Investors holds 1,075,000 shares, also representing 2.96% ownership, without any changes noted in the last quarter.
Franklin Resources owns 892,000 shares, making up 2.46% of Nayax. Their latest filing revealed a decrease from 898,000 shares, marking a decline of 0.61%. Furthermore, the firm cut its portfolio allocation in NYAX by 80.46% over the previous quarter.
Y.D. More Investments, holding 830,000 shares, has increased its stake by 17.66% from the prior 683,000 shares. Nevertheless, the firm has reduced its portfolio allocation in NYAX by 21.55% recently.
Clal Insurance Enterprises Holdings maintains its position with 665,000 shares, which is 1.83% ownership, showing no change in holdings over the last quarter.
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This article was originally published on Fintel.
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Nasdaq, Inc.
