Repay Holdings Co. (NASDAQ:RPAY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Repay Holdings Co. (NASDAQ:RPAY) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.56.

RPAY has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. UBS Group cut their price target on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday. Canaccord Genuity Group lowered their price objective on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday. BMO Capital Markets cut their target price on Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reduced their target price on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, January 6th.

Repay Trading Down 14.2 %

NASDAQ RPAY opened at $6.11 on Friday. The company’s fifty day simple moving average is $7.43 and its 200-day simple moving average is $7.87. The stock has a market cap of $596.54 million, a P/E ratio of -7.02 and a beta of 1.43. Repay has a 52 week low of $6.00 and a 52 week high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

Insider Transactions at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the transaction, the chief financial officer now owns 450,879 shares of the company’s stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in shares of Repay in the 4th quarter valued at about $27,000. Blue Trust Inc. lifted its holdings in Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after acquiring an additional 2,771 shares during the last quarter. R Squared Ltd acquired a new position in Repay in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. bought a new position in shares of Repay during the fourth quarter valued at approximately $47,000. Finally, Olympiad Research LP bought a new position in shares of Repay during the fourth quarter valued at approximately $80,000. 82.73% of the stock is 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.