Repay Holdings Corporation (NASDAQ:RPAY) Receives $5.25 Average PT from Analysts

Repay Holdings Corporation (NASDAQ:RPAY) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.25.

A number of analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $6.00 target price on shares of Repay in a report on Wednesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $8.00 target price on shares of Repay in a report on Wednesday, August 19th.

Repay Price Performance

Repay stock opened at $3.88 on Tuesday. The firm has a market cap of $369.18 million, a price-to-earnings ratio of -1.90 and a beta of 1.83. The stock has a fifty day simple moving average of $3.90 and a two-hundred day simple moving average of $3.49. Repay has a 12 month low of $2.30 and a 12 month high of $6.00. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $100.71 million for the quarter, compared to analysts’ expectations of $101.86 million. Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. Equities analysts predict that Repay will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of Repay by 24.6% in the 1st quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock worth $12,065,000 after purchasing an additional 428,289 shares during the period. Empowered Funds LLC boosted its stake in shares of Repay by 4.6% during the 1st quarter. Empowered Funds LLC now owns 497,625 shares of the company’s stock worth $2,772,000 after purchasing an additional 21,807 shares during the period. Jane Street Group LLC grew its holdings in Repay by 57.6% during the 1st quarter. Jane Street Group LLC now owns 95,979 shares of the company’s stock valued at $535,000 after purchasing an additional 35,068 shares during the last quarter. Creative Planning grew its holdings in Repay by 13.0% during the 2nd quarter. Creative Planning now owns 64,340 shares of the company’s stock valued at $310,000 after purchasing an additional 7,381 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Repay by 31.5% in the 2nd quarter. Rhumbline Advisers now owns 174,531 shares of the company’s stock worth $841,000 after purchasing an additional 41,816 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

About Repay

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.