Repay Holdings Co. (NASDAQ:RPAY) Receives $12.29 Average PT from Analysts

Repay Holdings Co. (NASDAQ:RPAY) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.29.

Several research firms recently commented on RPAY. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price target on shares of Repay in a report on Wednesday, July 3rd. Benchmark restated a “buy” rating and set a $13.00 price target on shares of Repay in a report on Tuesday, August 13th. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Repay in a research note on Tuesday, July 9th. Barclays reduced their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Wednesday, September 25th.

Insider Activity at Repay

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the transaction, the executive vice president now owns 240,130 shares of the company’s stock, valued at $1,995,480.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is owned by insiders.

Institutional Trading of Repay

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. bought a new stake in Repay in the third quarter valued at approximately $126,000. Blue Trust Inc. raised its stake in Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares during the period. nVerses Capital LLC bought a new stake in Repay in the 3rd quarter valued at $59,000. Creative Planning acquired a new stake in Repay during the 3rd quarter valued at $115,000. Finally, Kings Path Partners LLC boosted its position in Repay by 26.0% during the third quarter. Kings Path Partners LLC now owns 78,716 shares of the company’s stock worth $642,000 after purchasing an additional 16,220 shares during the period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Stock Down 0.3 %

Shares of RPAY stock opened at $7.72 on Friday. Repay has a 1 year low of $5.84 and a 1 year high of $11.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. The business’s fifty day moving average is $8.09 and its 200-day moving average is $9.24. The stock has a market cap of $754.63 million, a PE ratio of -7.96 and a beta of 1.44.

Repay (NASDAQ:RPAY) last issued its earnings results on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $76.28 million. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. Equities analysts expect that Repay will post 0.73 earnings per share for the current fiscal year.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.