Repay Holdings Corporation (NASDAQ:RPAY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have earned an average rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.9167.

A number of research firms recently weighed in on RPAY. Morgan Stanley dropped their price target on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Repay in a research report on Monday, December 29th. Benchmark restated a “buy” rating on shares of Repay in a research report on Friday, November 14th. Wall Street Zen cut Repay from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 target price on shares of Repay in a research note on Tuesday, November 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Quarry LP bought a new stake in Repay in the third quarter valued at approximately $26,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Repay in the 2nd quarter valued at $49,000. EverSource Wealth Advisors LLC increased its position in shares of Repay by 224.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock valued at $50,000 after buying an additional 7,217 shares in the last quarter. Spire Wealth Management increased its position in shares of Repay by 44.2% in the 2nd quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock valued at $53,000 after buying an additional 3,360 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Repay during the 2nd quarter worth $56,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Trading Down 1.7%

Shares of RPAY opened at $3.54 on Monday. The stock’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $4.59. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $323.38 million, a PE ratio of -2.58 and a beta of 1.64. Repay has a 12-month low of $2.97 and a 12-month high of $7.84.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The firm had revenue of $77.73 million during the quarter, compared to analysts’ expectations of $76.92 million. During the same period in the previous year, the business posted $0.23 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts predict that Repay will post 0.72 earnings per share for the current year.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.