Repay Holdings Co. (NASDAQ:RPAY) Receives $10.50 Average Price Target from Analysts

Repay Holdings Co. (NASDAQ:RPAY) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.50.

RPAY has been the topic of a number of analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Friday, May 10th. Truist Financial restated a “buy” rating and set a $13.00 target price (up from $10.00) on shares of Repay in a research report on Monday, March 4th. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Repay in a report on Tuesday, April 30th. Keefe, Bruyette & Woods lifted their price objective on Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a report on Monday, March 4th. Finally, Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Friday, May 24th.

Repay Price Performance

NASDAQ:RPAY opened at $10.63 on Friday. Repay has a 52 week low of $5.63 and a 52 week high of $11.27. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.08 billion, a PE ratio of -10.61 and a beta of 1.39. The stock’s 50-day moving average price is $10.25 and its 200-day moving average price is $9.38.

Repay (NASDAQ:RPAY) last posted its earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Repay had a positive return on equity of 7.74% and a negative net margin of 29.49%. The firm had revenue of $80.72 million for the quarter, compared to analysts’ expectations of $80.24 million. As a group, equities analysts expect that Repay will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RPAY. Spire Wealth Management purchased a new position in Repay in the 4th quarter worth approximately $34,000. Quest Partners LLC purchased a new stake in shares of Repay during the 4th quarter valued at approximately $56,000. Oak Thistle LLC purchased a new stake in shares of Repay during the 4th quarter valued at approximately $103,000. Bfsg LLC purchased a new stake in shares of Repay during the 4th quarter valued at approximately $119,000. Finally, Simplicity Solutions LLC raised its position in shares of Repay by 17.4% during the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock valued at $158,000 after buying an additional 2,744 shares during the period. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Company Profile

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.