Repay Holdings Co. (NASDAQ:RPAY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.25.

A number of equities analysts have recently weighed in on the company. Benchmark started coverage on Repay in a research note on Tuesday, February 13th. They set a “buy” rating and a $10.00 target price on the stock. Truist Financial restated a “buy” rating and issued a $13.00 price target (up from $10.00) on shares of Repay in a research note on Monday, March 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Friday, March 1st. Finally, Barclays lifted their price target on shares of Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 58,275 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $11.03, for a total value of $642,773.25. Following the sale, the chief financial officer now directly owns 506,924 shares of the company’s stock, valued at $5,591,371.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 116,019 shares of company stock valued at $1,220,382. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its stake in Repay by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock valued at $451,000 after purchasing an additional 2,057 shares during the last quarter. Simplicity Solutions LLC lifted its stake in shares of Repay by 17.4% in the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock valued at $158,000 after acquiring an additional 2,744 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Repay by 18.5% in the 4th quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock valued at $160,000 after acquiring an additional 2,925 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Repay by 19.7% during the 3rd quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock valued at $171,000 after acquiring an additional 3,669 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in Repay during the 4th quarter worth $34,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Trading Down 0.6 %

Shares of Repay stock opened at $10.33 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95. The business has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $8.40. Repay has a 1 year low of $5.62 and a 1 year high of $11.22. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -8.47 and a beta of 1.36.

Repay (NASDAQ:RPAY) last posted its earnings results on Thursday, February 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. The company had revenue of $75.99 million during the quarter, compared to analysts’ expectations of $69.94 million. Research analysts forecast that Repay will post 0.73 EPS for the current year.

About Repay

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.