Repay Holdings Co. (NASDAQ:RPAY) Receives $10.31 Average Price Target from Brokerages

Repay Holdings Co. (NASDAQ:RPAY) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.31.

A number of research analysts have weighed in on RPAY shares. Barclays dropped their price objective on shares of Repay from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Canaccord Genuity Group cut their target price on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Stephens reissued an “overweight” rating and issued a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. BMO Capital Markets cut their price objective on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Tuesday, March 4th. Finally, UBS Group dropped their price target on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th.

Repay Price Performance

Shares of RPAY opened at $5.92 on Tuesday. The business’s fifty day moving average is $6.83 and its 200 day moving average is $7.57. Repay has a 12-month low of $5.30 and a 12-month high of $11.27. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a market cap of $577.13 million, a P/E ratio of -6.80 and a beta of 1.54.

Institutional Investors Weigh In On Repay

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in shares of Repay during the third quarter worth about $37,197,000. Barclays PLC lifted its holdings in Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after buying an additional 1,427,078 shares during the period. Bank of Montreal Can grew its position in shares of Repay by 8,811.5% in the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock worth $10,594,000 after buying an additional 1,286,917 shares during the last quarter. Millennium Management LLC increased its stake in shares of Repay by 120.6% during the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock valued at $13,259,000 after buying an additional 950,185 shares during the period. Finally, Private Management Group Inc. raised its holdings in shares of Repay by 71.6% during the fourth quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock valued at $13,277,000 after acquiring an additional 726,058 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

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.