Repay Holdings Corporation (NASDAQ:RPAY) Receives Consensus Recommendation of “Hold” from Brokerages

Repay Holdings Corporation (NASDAQ:RPAY) has received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.25.

Several research firms have issued reports on RPAY. Stephens lowered shares of Repay from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $7.00 to $3.75 in a report on Tuesday, May 5th. DA Davidson reiterated a “buy” rating and set a $6.00 price objective on shares of Repay in a report on Wednesday, July 15th. Weiss Ratings cut Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. Finally, UBS Group boosted their target price on Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its holdings in Repay by 76.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,089,241 shares of the company’s stock worth $3,976,000 after buying an additional 471,767 shares in the last quarter. Private Management Group Inc. increased its holdings in Repay by 30.5% in the fourth quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock valued at $19,756,000 after buying an additional 1,263,399 shares in the last quarter. Whetstone Capital Advisors LLC increased its holdings in Repay by 1,832.1% in the fourth quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company’s stock valued at $9,959,000 after buying an additional 2,587,400 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Repay by 4.6% in the first quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock worth $203,000 after acquiring an additional 3,452 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Repay by 45.2% in the first quarter. Inspire Investing LLC now owns 187,443 shares of the company’s stock worth $487,000 after acquiring an additional 58,317 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Stock Performance

Shares of Repay stock opened at $3.70 on Friday. The company has a market capitalization of $351.35 million, a PE ratio of -1.81 and a beta of 1.83. The company has a 50-day simple moving average of $3.78 and a two-hundred day simple moving average of $3.43. Repay has a one year low of $2.30 and a one year high of $6.05. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79.

Repay (NASDAQ:RPAY) last released 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). The firm had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.86 million. Repay had a negative net margin of 49.57% and a positive return on equity of 10.73%. Research analysts expect that Repay will post 0.66 EPS for the current fiscal year.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.