Repay Holdings Co. (NASDAQ:RPAY) Receives $12.33 Average Price Target from Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.33.

A number of research firms recently weighed in on RPAY. Keefe, Bruyette & Woods dropped their price target on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Wednesday, November 13th.

Repay Price Performance

Repay stock opened at $7.62 on Monday. The stock’s 50 day moving average price is $7.70 and its two-hundred day moving average price is $8.11. The stock has a market capitalization of $743.96 million, a price-to-earnings ratio of -8.76 and a beta of 1.43. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay has a 52-week low of $7.15 and a 52-week high of $11.27.

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

Insiders Place Their Bets

In other news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now owns 450,879 shares in the company, 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 SEC, which is available through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in Repay in the 3rd quarter valued at about $37,197,000. River Road Asset Management LLC grew its holdings in shares of Repay by 31.7% in the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after acquiring an additional 599,840 shares in the last quarter. State Street Corp increased its position in shares of Repay by 1.1% during the third quarter. State Street Corp now owns 2,276,719 shares of the company’s stock valued at $18,578,000 after acquiring an additional 25,057 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Repay by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock worth $16,298,000 after acquiring an additional 32,613 shares during the period. Finally, Private Management Group Inc. boosted its position in Repay by 71.6% in the fourth quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock worth $13,277,000 after purchasing an additional 726,058 shares during the last quarter. 82.73% of the stock is owned by institutional investors.

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.