Analysts Set Repay Holdings Co. (NASDAQ:RPAY) Target Price at $11.10

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.33.

A number of brokerages have issued reports on RPAY. Barclays decreased their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 price objective on shares of Repay in a research report on Wednesday, July 3rd. DA Davidson reaffirmed a “buy” rating and set a $16.00 price target on shares of Repay in a research note on Tuesday, July 9th. Finally, Benchmark reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Tuesday, August 13th.

Repay Trading Down 0.5 %

Shares of RPAY stock opened at $7.93 on Friday. The stock’s fifty day simple moving average is $8.95 and its 200-day simple moving average is $9.77. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. Repay has a 1-year low of $5.63 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY) last released its earnings results on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $76.28 million. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. On average, sell-side analysts expect that Repay will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Repay

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were 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 of the company’s stock, valued at approximately $1,995,480.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Large investors have recently made changes to their positions in the business. Spire Wealth Management bought a new position in Repay in the 4th quarter worth approximately $34,000. Quest Partners LLC bought a new position in Repay during the fourth quarter worth $56,000. Squarepoint Ops LLC acquired a new position in Repay during the 2nd quarter valued at $142,000. ProShare Advisors LLC boosted its holdings in Repay by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after purchasing an additional 1,174 shares during the period. Finally, Diversified Trust Co boosted its holdings 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 purchasing an additional 2,391 shares during the period. Institutional investors and hedge funds 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.