Repay Holdings Corporation (NASDAQ:RPAY) has received an average broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $15.67 for the company and are forecasting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned Repay an industry rank of 35 out of 255 based on the ratings given to related companies.
RPAY has been the subject of several analyst reports. Northland Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Repay in a research note on Friday, November 15th. Cantor Fitzgerald set a $16.00 target price on Repay and gave the company a “buy” rating in a research report on Tuesday, October 15th. ValuEngine upgraded Repay from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Zacks Investment Research lowered Repay from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.
RPAY stock traded up $0.30 during mid-day trading on Friday, reaching $14.78. 408,092 shares of the company traded hands, compared to its average volume of 442,338. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $13.74. The firm has a market cap of $570.95 million, a PE ratio of -105.57 and a beta of -0.04. Repay has a fifty-two week low of $9.78 and a fifty-two week high of $14.94.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust purchased a new position in Repay during the third quarter worth about $2,463,000. FSI Group LLC bought a new position in shares of Repay during the 3rd quarter worth approximately $2,646,000. Marshall Wace North America L.P. bought a new position in shares of Repay during the 2nd quarter worth approximately $2,506,000. 1492 Capital Management LLC bought a new position in shares of Repay during the 3rd quarter worth approximately $746,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Repay in the 3rd quarter worth approximately $7,515,000. 67.31% of the stock is currently owned by institutional investors.
Repay Company Profile
Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.
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