Shares of Repay Holdings Corporation (NASDAQ:RPAY – Get Free Report) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.25.
Several equities analysts have issued reports on RPAY shares. DA Davidson reiterated a “buy” rating and issued a $6.00 price objective on shares of Repay in a research report on Wednesday, July 15th. Canaccord Genuity Group restated a “buy” rating and set a $8.00 target price on shares of Repay in a report on Friday, October 16th. Finally, Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th.
Get Our Latest Stock Report on RPAY
Repay Stock Performance
NASDAQ RPAY opened at $4.36 on Wednesday. The firm has a market cap of $414.85 million, a price-to-earnings ratio of -2.14 and a beta of 1.89. The company has a 50 day moving average of $3.84 and a 200-day moving average of $3.73. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. Repay has a 1-year low of $2.30 and a 1-year high of $5.25.
Repay (NASDAQ:RPAY – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.86 million. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. On average, equities analysts forecast that Repay will post 0.88 earnings per share for the current fiscal year.
Insider Transactions at Repay
In related news, General Counsel Tyler Dempsey sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $3.91, for a total transaction of $97,750.00. Following the transaction, the general counsel owned 466,251 shares in the company, valued at $1,823,041.41. This represents a 5.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 50,000 shares of company stock worth $197,780. 12.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Repay
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. raised its stake in shares of Repay by 100.0% in the second quarter. Baird Financial Group Inc. now owns 50,000 shares of the company’s stock worth $210,000 after acquiring an additional 25,000 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Repay during the second quarter worth approximately $50,000. Bank of New York Mellon Corp bought a new stake in shares of Repay during the second quarter valued at approximately $842,000. Caerus Investment Advisors LLC bought a new stake in shares of Repay during the first quarter valued at approximately $31,000. Finally, Essential Partners LLC grew its stake in shares of Repay by 69.8% during the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after purchasing an additional 3,950 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.
Repay Company Profile
Repay Holdings Corporation, operating under the REPAY brand, is a payments technology company that provides integrated payment processing and accounts receivable solutions to businesses and organizations in specialized industries. Its platform is designed to help clients accept, manage and reconcile electronic payments through a range of digital and automated tools.
REPAY’s services include credit and debit card processing, ACH payments, electronic funds transfers, recurring payments, online and mobile payment acceptance, payment disbursements, invoicing and accounts receivable management.
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