Repay Holdings Co. (NASDAQ:RPAY) Receives $10.63 Average Price Target from Analysts

Repay Holdings Co. (NASDAQ:RPAY) has been given an average recommendation of “Hold” by the thirteen research firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.63.

RPAY has been the subject of a number of research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Friday, May 10th. Benchmark reaffirmed a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Friday, May 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price objective on shares of Repay in a research note on Wednesday, July 3rd. Finally, DA Davidson reissued a “buy” rating and issued a $16.00 target price on shares of Repay in a report on Tuesday, July 9th.

Repay Stock Down 2.1 %

Shares of RPAY stock opened at $9.59 on Thursday. The firm has a fifty day moving average of $10.07 and a two-hundred day moving average of $9.60. Repay has a 1-year low of $5.63 and a 1-year high of $11.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $80.72 million during the quarter, compared to the consensus estimate of $80.24 million. Repay had a positive return on equity of 7.74% and a negative net margin of 29.49%. On average, sell-side analysts anticipate that Repay will post 0.72 EPS for the current fiscal year.

Institutional Trading of Repay

Several hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co increased its holdings in shares of Repay by 15.5% during the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after purchasing an additional 2,391 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Repay during the 2nd quarter valued at about $361,000. CWM LLC raised its position in shares of Repay by 2.8% during the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after buying an additional 1,462 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Repay by 8.8% in the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after acquiring an additional 233,334 shares during the period. Finally, Bayesian Capital Management LP boosted its holdings in shares of Repay by 33.8% in the first quarter. Bayesian Capital Management LP now owns 30,906 shares of the company’s stock valued at $340,000 after acquiring an additional 7,800 shares in the last quarter. Institutional investors own 82.73% of the company’s stock.

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.