Repay Holdings Corporation (NASDAQ:RPAY) Given Average Rating of “Hold” by Analysts

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.3214.

RPAY has been the topic of a number of recent research reports. Canaccord Genuity Group lowered their price target on shares of Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. UBS Group raised their price target on shares of Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Benchmark decreased their target price on shares of Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. DA Davidson reissued a “buy” rating and issued a $6.00 target price on shares of Repay in a report on Wednesday, June 3rd. Finally, Stephens lowered shares of Repay from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $7.00 to $3.75 in a report on Tuesday, May 5th.

Hedge Funds Weigh In On Repay

Hedge funds have recently bought and sold shares of the company. Essential Partners LLC increased its holdings in Repay by 69.8% in the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after buying an additional 3,950 shares during the period. Quarry LP bought a new position in Repay in the 3rd quarter valued at about $26,000. Krilogy Financial LLC bought a new position in Repay in the 1st quarter valued at about $29,000. Caerus Investment Advisors LLC bought a new position in Repay in the 1st quarter valued at about $31,000. Finally, Chicago Partners Investment Group LLC bought a new position in Repay in the 1st quarter valued at about $36,000. 82.73% of the stock is owned by institutional investors.

Repay Price Performance

NASDAQ:RPAY opened at $3.32 on Thursday. Repay has a 52 week low of $2.30 and a 52 week high of $6.05. The firm has a market cap of $315.27 million, a price-to-earnings ratio of -1.08 and a beta of 1.86. The firm’s 50-day simple moving average is $3.50 and its 200 day simple moving average is $3.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, May 4th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. The business had revenue of $80.79 million for the quarter, compared to analyst estimates of $80.48 million. As a group, sell-side analysts predict that Repay will post 0.69 earnings per share for the current year.

Repay Company Profile

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.