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

Repay Holdings Corporation (NASDAQ:RPAY – Get Free Report) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $5.25.

A number of brokerages recently issued reports on RPAY. UBS Group lifted their target price on Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $8.00 price target on shares of Repay in a research report on Wednesday, August 19th. Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Finally, DA Davidson restated a “buy” rating and set a $6.00 price objective on shares of Repay in a report on Wednesday, July 15th.

Read Our Latest Stock Analysis on Repay

Repay Stock Down 2.7%

NASDAQ RPAY opened at $3.62 on Friday. Repay has a 12 month low of $2.30 and a 12 month high of $5.39. The company has a market capitalization of $344.44 million, a P/E ratio of -1.77 and a beta of 1.83. The company’s 50 day simple moving average is $3.82 and its 200 day simple moving average is $3.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.45 and a quick ratio of 1.43.

Repay (NASDAQ:RPAY – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $100.71 million for the quarter, compared to the consensus estimate of $101.86 million. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. Equities research analysts expect that Repay will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Repay

In other news, General Counsel Tyler Dempsey sold 25,000 shares of Repay stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $3.91, for a total value of $97,750.00. Following the transaction, the general counsel directly owned 466,251 shares of the company’s stock, valued at $1,823,041.41. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Repay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPAY. Essential Partners LLC raised its stake in Repay by 69.8% during the 1st 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 period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Repay in the fourth quarter worth $40,000. Krilogy Financial LLC acquired a new stake in shares of Repay in the first quarter worth $29,000. Caerus Investment Advisors LLC purchased a new position in shares of Repay during the first quarter valued at $31,000. Finally, Corient Private Wealth LP purchased a new position in shares of Repay during the second quarter valued at $50,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

About Repay

(Get Free Report)

Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and related technology. Its platform enables businesses and consumers to make and receive payments through credit and debit cards, automated clearing house (ACH) transactions, electronic checks and other digital payment methods.

REPAY serves specialized markets including consumer finance, automotive, healthcare, education, government, utilities and communications.

Further Reading

Analyst Recommendations for Repay (NASDAQ:RPAY)

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