Repay Holdings Corporation (NASDAQ:RPAY) Receives $5.32 Average PT from Analysts

Repay Holdings Corporation (NASDAQ:RPAY) has received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $5.3214.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group dropped their price objective on shares of Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Repay in a research report on Wednesday, June 3rd. Morgan Stanley dropped their price objective on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Tuesday, March 10th. UBS Group increased their price objective on shares of Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Benchmark dropped their price objective on shares of Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently modified their holdings of RPAY. Millennium Management LLC grew its stake in shares of Repay by 24.6% in the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock valued at $12,065,000 after acquiring an additional 428,289 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Repay by 4.6% in the first quarter. Empowered Funds LLC now owns 497,625 shares of the company’s stock valued at $2,772,000 after acquiring an additional 21,807 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Repay by 57.6% in the first quarter. Jane Street Group LLC now owns 95,979 shares of the company’s stock valued at $535,000 after acquiring an additional 35,068 shares in the last quarter. Creative Planning grew its stake in shares of Repay by 13.0% in the second quarter. Creative Planning now owns 64,340 shares of the company’s stock valued at $310,000 after acquiring an additional 7,381 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Repay by 31.5% in the second quarter. Rhumbline Advisers now owns 174,531 shares of the company’s stock valued at $841,000 after acquiring an additional 41,816 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Price Performance

Shares of RPAY opened at $3.18 on Thursday. The firm has a market capitalization of $301.97 million, a PE ratio of -1.04 and a beta of 1.86. The company’s 50-day moving average is $3.54 and its 200-day moving average is $3.36. Repay has a fifty-two week low of $2.30 and a fifty-two week high of $6.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $80.79 million for the quarter, compared to analyst estimates of $80.48 million. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. Equities analysts forecast that Repay will post 0.69 EPS for the current year.

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.