Repay Holdings Co. (NASDAQ:RPAY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.10.

RPAY has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Tuesday. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Friday, May 10th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price objective on shares of Repay in a research note on Wednesday, July 3rd. Barclays reduced their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, DA Davidson restated a “buy” rating and set a $16.00 price objective on shares of Repay in a research note on Tuesday, July 9th.

Repay Price Performance

Shares of NASDAQ RPAY opened at $8.24 on Monday. The firm has a market cap of $837.43 million, a PE ratio of -8.41 and a beta of 1.43. The company has a current ratio of 3.83, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52. Repay has a 1-year low of $5.63 and a 1-year high of $11.27. The company has a fifty day moving average price of $9.72 and a 200 day moving average price of $9.72.

Repay (NASDAQ:RPAY) last announced its earnings results on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $74.91 million during the quarter, compared to analyst estimates of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Research analysts predict that Repay will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Repay

Hedge funds have recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in Repay in the 4th quarter valued at about $34,000. Quest Partners LLC acquired a new stake in Repay in the 4th quarter valued at about $56,000. Bfsg LLC acquired a new stake in Repay in the 4th quarter valued at about $119,000. Squarepoint Ops LLC acquired a new stake in Repay in the 2nd quarter valued at about $142,000. Finally, Simplicity Solutions LLC lifted its stake in Repay by 17.4% in the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock valued at $158,000 after purchasing an additional 2,744 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.