Repay Holdings Co. (NASDAQ:RPAY) Receives $12.29 Consensus Target Price from Analysts

Repay Holdings Co. (NASDAQ:RPAY) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $12.29.

A number of brokerages have commented on RPAY. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. Benchmark reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Finally, Barclays decreased their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th.

Repay Stock Performance

Shares of Repay stock opened at $8.05 on Wednesday. Repay has a one year low of $7.04 and a one year high of $11.27. The firm has a market capitalization of $785.92 million, a price-to-earnings ratio of -9.25 and a beta of 1.44. The business has a 50-day simple moving average of $8.07 and a 200 day simple moving average of $8.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70.

Repay (NASDAQ:RPAY) last issued its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. On average, research analysts anticipate that Repay will post 0.73 earnings per share for the current fiscal year.

Insider Transactions at Repay

In related news, EVP Jacob Hamilton Moore sold 51,694 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $8.00, for a total value of $413,552.00. Following the transaction, the executive vice president now owns 140,130 shares in the company, valued at approximately $1,121,040. This represents a 26.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 269,524 shares of company stock worth $2,222,784 in the last 90 days. Insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Several institutional investors have recently bought and sold shares of RPAY. Sei Investments Co. lifted its stake in Repay by 30.1% in the first quarter. Sei Investments Co. now owns 259,588 shares of the company’s stock valued at $2,855,000 after purchasing an additional 60,018 shares during the last quarter. ProShare Advisors LLC lifted its stake in Repay by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after purchasing an additional 1,174 shares during the last quarter. Vanguard Group Inc. lifted its stake in Repay by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock valued at $48,366,000 after purchasing an additional 32,554 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Repay by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock valued at $264,000 after purchasing an additional 3,661 shares during the last quarter. Finally, Bayesian Capital Management LP lifted its stake in Repay by 33.8% in the first quarter. Bayesian Capital Management LP now owns 30,906 shares of the company’s stock valued at $340,000 after purchasing an additional 7,800 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Company Profile

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.