Repay Holdings Corporation (NASDAQ:RPAY) Given Average Rating of “Hold” by Brokerages

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.5313.

Several research firms have recently issued reports on RPAY. Benchmark reduced their target price on Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. DA Davidson reissued a “buy” rating and set a $8.00 target price on shares of Repay in a report on Tuesday, April 28th. Morgan Stanley reduced their target price on Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a report on Tuesday, March 10th. UBS Group reduced their target price on Repay from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Finally, Canaccord Genuity Group reduced their target price on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 16th.

Institutional Trading of Repay

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Repay during the 3rd quarter worth $26,000. Krilogy Financial LLC bought a new stake in shares of Repay during the 1st quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Repay during the 4th quarter worth $40,000. Jain Global LLC bought a new stake in shares of Repay during the 4th quarter worth $40,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Repay by 224.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after buying an additional 7,217 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Performance

RPAY opened at $3.86 on Wednesday. The firm has a market cap of $351.92 million, a P/E ratio of -1.27 and a beta of 1.88. Repay has a 52-week low of $2.30 and a 52-week high of $6.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The business’s fifty day moving average is $3.08 and its 200-day moving average is $3.47.

Repay (NASDAQ:RPAY) last released its earnings results on Monday, March 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $78.59 million for the quarter, compared to analyst estimates of $76.79 million. Repay had a positive return on equity of 9.30% and a negative net margin of 83.01%.The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. Sell-side analysts expect that Repay will post 0.69 EPS for the current fiscal year.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.