Repay Holdings Corporation (NASDAQ:RPAY) Stock Has Average Target Price of $5.25

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the company, MarketBeat reports. One 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 covered the stock in the last year is $5.25.

Several brokerages recently issued reports on RPAY. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $6.00 price objective on shares of Repay in a research note on Wednesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.00 price objective on shares of Repay in a research report on Friday, October 16th.

Insider Activity

In other news, General Counsel Tyler Dempsey sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $3.91, for a total transaction of $97,750.00. Following the completion of the sale, the general counsel owned 466,251 shares in the company, valued at $1,823,041.41. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 50,000 shares of company stock valued at $197,780 over the last quarter. Insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Repay

A number of hedge funds and other institutional investors have recently bought and sold shares of RPAY. Essential Partners LLC raised its position in Repay by 69.8% during the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after buying an additional 3,950 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of Repay in the 1st quarter worth $29,000. Caerus Investment Advisors LLC acquired a new stake in shares of Repay in the 1st quarter worth $31,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Repay in the first quarter valued at about $36,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Repay in the fourth quarter valued at about $40,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Stock Performance

Shares of Repay stock opened at $4.36 on Wednesday. The firm’s fifty day simple moving average is $3.84 and its 200-day simple moving average is $3.72. Repay has a 12 month low of $2.30 and a 12 month high of $5.25. The stock has a market capitalization of $414.85 million, a price-to-earnings ratio of 6.77 and a beta of 1.89. 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) last issued its quarterly 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). Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. The business had revenue of $100.71 million for the quarter, compared to analyst estimates of $101.86 million. As a group, equities analysts forecast that Repay will post 0.88 earnings per share for the current year.

About Repay

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.