Repay Holdings Co. (NASDAQ:RPAY) Receives $12.29 Average Price Target from Brokerages

Repay Holdings Co. (NASDAQ:RPAY) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.29.

Several analysts have recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $13.00 price target on shares of Repay in a research report on Tuesday, August 13th. Barclays reduced their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. DA Davidson reiterated a “buy” rating and set a $16.00 price objective on shares of Repay in a research report on Tuesday, July 9th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Wednesday, September 25th.

Repay Stock Down 1.3 %

Repay stock opened at $7.85 on Friday. The stock’s 50 day moving average price is $8.05 and its 200 day moving average price is $9.19. The company has a market cap of $767.34 million, a PE ratio of -8.09 and a beta of 1.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.83 and a quick ratio of 3.83. Repay has a 1-year low of $6.01 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. On average, sell-side analysts predict that Repay will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the completion of the sale, the executive vice president now directly owns 240,130 shares in the company, valued at $1,995,480.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 269,524 shares of company stock worth $2,222,784 in the last quarter. 11.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new position in shares of Repay in the 3rd quarter valued at $1,122,000. River Road Asset Management LLC grew its stake in shares of Repay by 89.9% in the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after buying an additional 895,429 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Repay in the third quarter valued at approximately $126,000. Blue Trust Inc. boosted its stake in shares of Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after purchasing an additional 2,771 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Repay during the 3rd quarter worth $59,000. Hedge funds and other 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.