Repay Holdings Co. (NASDAQ:RPAY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Repay Holdings Co. (NASDAQ:RPAY) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.75.

Several research firms have commented on RPAY. Barclays cut their target price on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. DA Davidson reissued a “buy” rating and set a $16.00 price target on shares of Repay in a research report on Tuesday, July 9th. Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 target price on shares of Repay in a report on Wednesday, July 3rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Wednesday, September 25th.

Repay Stock Down 0.1 %

NASDAQ:RPAY opened at $7.85 on Tuesday. The stock has a market cap of $797.80 million, a price-to-earnings ratio of -8.01 and a beta of 1.44. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $8.40 and a two-hundred day moving average price of $9.54. 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $74.91 million during 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 company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, equities analysts expect that Repay will post 0.73 earnings per share for the current year.

Insider Activity

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 240,130 shares of the company’s stock, valued at approximately $1,995,480.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 269,524 shares of company stock valued at $2,222,784 over the last three months. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Several hedge funds have recently bought and sold shares of RPAY. Squarepoint Ops LLC bought a new position in shares of Repay during the second quarter worth approximately $142,000. ProShare Advisors LLC grew its stake in shares of Repay by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after acquiring an additional 1,174 shares in the last quarter. Diversified Trust Co increased its position in Repay by 15.5% during the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after acquiring an additional 2,391 shares during the period. Sanctuary Advisors LLC bought a new stake in Repay in the 2nd quarter valued at about $190,000. Finally, Bleakley Financial Group LLC grew its position in shares of Repay by 6.6% during the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after purchasing an additional 1,232 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.