Repay Holdings Corporation (NASDAQ:RPAY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given an average rating of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.9167.

RPAY has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating on shares of Repay in a research report on Friday, November 14th. UBS Group lowered their target price on shares of Repay from $5.75 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. DA Davidson reissued a “buy” rating and set a $10.00 target price on shares of Repay in a research report on Tuesday, November 11th. Morgan Stanley decreased their price target on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 price objective on shares of Repay in a research note on Tuesday, November 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Repay in the third quarter valued at approximately $26,000. Focus Partners Advisor Solutions LLC acquired a new position in Repay during the 2nd quarter valued at $49,000. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 7,217 shares during the period. Spire Wealth Management grew its position in Repay by 44.2% in the 2nd quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock worth $53,000 after purchasing an additional 3,360 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Repay during the 2nd quarter worth about $56,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Stock Performance

RPAY opened at $3.04 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $277.70 million, a PE ratio of -2.22 and a beta of 1.61. The stock has a 50-day moving average of $3.56 and a 200-day moving average of $4.38. Repay has a 52-week low of $2.97 and a 52-week high of $7.57.

Repay (NASDAQ:RPAY) last posted its earnings results 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. The firm had revenue of $77.73 million during the quarter, compared to analyst estimates of $76.92 million. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. As a group, equities research analysts forecast that Repay will post 0.72 earnings per share for the current fiscal 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.