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

Repay Holdings Co. (NASDAQ:RPAY) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.25.

A number of research analysts have issued reports on RPAY shares. Barclays upped their price objective on Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Friday, March 1st. Keefe, Bruyette & Woods raised their price target on shares of Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Benchmark started coverage on Repay in a research note on Tuesday, February 13th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, DA Davidson reissued a “buy” rating and issued a $16.00 target price on shares of Repay in a research report on Tuesday, April 30th.

Repay Price Performance

RPAY opened at $10.97 on Friday. The firm’s fifty day moving average price is $10.20 and its two-hundred day moving average price is $8.52. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -8.99 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95. Repay has a 1 year low of $5.63 and a 1 year high of $11.22.

Repay (NASDAQ:RPAY) last posted its earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $75.99 million for the quarter, compared to analysts’ expectations of $69.94 million. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. As a group, analysts anticipate that Repay will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Timothy John Murphy sold 5,624 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.03, for a total value of $56,408.72. Following the transaction, the chief financial officer now owns 646,387 shares of the company’s stock, valued at $6,483,261.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 116,019 shares of company stock worth $1,220,382 over the last ninety days. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

A number of large investors have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its position in shares of Repay by 6.6% during the first quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock valued at $220,000 after buying an additional 1,232 shares during the period. ProShare Advisors LLC grew its holdings in shares of Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after acquiring an additional 1,174 shares during the period. Sei Investments Co. raised its position in shares of Repay by 30.1% in the 1st quarter. Sei Investments Co. now owns 259,588 shares of the company’s stock worth $2,855,000 after acquiring an additional 60,018 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Repay in the 1st quarter valued at approximately $652,000. Finally, Empowered Funds LLC boosted its position in shares of Repay by 8.2% during the first quarter. Empowered Funds LLC now owns 312,651 shares of the company’s stock valued at $3,439,000 after purchasing an additional 23,625 shares in the last quarter. Institutional investors own 82.73% of the company’s stock.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.