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

Repay Holdings Co. (NASDAQ:RPAY) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.83.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Wednesday, November 13th.

Insider Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after purchasing an additional 2,771 shares during the period. nVerses Capital LLC acquired a new position in shares of Repay in the 3rd quarter valued at about $59,000. Point72 DIFC Ltd purchased a new stake in shares of Repay in the third quarter worth about $99,000. Entropy Technologies LP acquired a new stake in Repay during the third quarter worth about $109,000. Finally, Creative Planning purchased a new position in Repay during the third quarter valued at approximately $115,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Performance

Shares of Repay stock opened at $7.89 on Friday. Repay has a one year low of $7.04 and a one year high of $11.27. The company has a market capitalization of $770.32 million, a PE ratio of -9.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a 50-day simple moving average of $8.05 and a two-hundred day simple moving average of $8.74.

Repay (NASDAQ:RPAY) last posted its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting 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 company had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Repay’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts expect that Repay will post 0.72 EPS for the current fiscal year.

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.