Analysts Set Repay Holdings Co. (NASDAQ:RPAY) PT at $12.83

Shares of Repay Holdings Co. (NASDAQ:RPAY) have been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.83.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Wednesday, November 13th.

Insider Activity

In other news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This represents a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

A number of hedge funds have recently modified their holdings of RPAY. Price T Rowe Associates Inc. MD raised its stake in shares of Repay by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock valued at $264,000 after buying an additional 3,661 shares during the period. Diversified Trust Co raised its stake in Repay by 15.5% in the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after acquiring an additional 2,391 shares during the period. Bank of New York Mellon Corp lifted its holdings in Repay by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 1,451,665 shares of the company’s stock valued at $15,330,000 after purchasing an additional 75,091 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Repay by 3.8% during the second quarter. Panagora Asset Management Inc. now owns 158,031 shares of the company’s stock worth $1,669,000 after purchasing an additional 5,778 shares during the period. Finally, Kings Path Partners LLC purchased a new position in shares of Repay in the second quarter worth about $660,000. Institutional investors own 82.73% of the company’s stock.

Repay Stock Down 2.3 %

Shares of NASDAQ:RPAY opened at $8.04 on Friday. The business’s 50 day moving average is $8.06 and its 200 day moving average is $8.75. Repay has a 12-month low of $7.04 and a 12-month high of $11.27. The stock has a market cap of $784.97 million, a price-to-earnings ratio of -9.24 and a beta of 1.42. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. On average, sell-side analysts forecast that Repay will post 0.72 earnings per share for the current fiscal year.

Repay Company Profile

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.