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

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.3214.

Several brokerages have recently issued reports on RPAY. Stephens cut Repay from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $7.00 to $3.75 in a report on Tuesday, May 5th. UBS Group increased their price target on Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. DA Davidson reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Repay in a research note on Tuesday, June 30th. Weiss Ratings cut Repay from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. Finally, Canaccord Genuity Group decreased their price objective on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 16th.

Repay Stock Performance

Shares of NASDAQ RPAY opened at $4.08 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $387.43 million, a P/E ratio of -1.33 and a beta of 1.83. The firm’s fifty day moving average is $3.62 and its two-hundred day moving average is $3.39. Repay has a 52-week low of $2.30 and a 52-week high of $6.05.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Monday, May 4th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $80.48 million. As a group, analysts anticipate that Repay will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Several institutional investors have recently bought and sold shares of RPAY. Caerus Investment Advisors LLC purchased a new position in shares of Repay in the 1st quarter worth $31,000. Essential Partners LLC increased its holdings in shares of Repay by 69.8% in the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after buying an additional 3,950 shares during the last quarter. Bank of America Corp DE raised its position in shares of Repay by 79.6% during the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock valued at $1,289,000 after buying an additional 219,747 shares in the last quarter. Empowered Funds LLC raised its position in shares of Repay by 9.9% during the 1st quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock valued at $1,327,000 after buying an additional 45,939 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Repay during the 1st quarter valued at about $217,000. Institutional investors own 82.73% of the company’s stock.

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.