Repay Holdings Corporation (NASDAQ:RPAY) Given Consensus Rating of “Hold” by Analysts

Repay Holdings Corporation (NASDAQ:RPAY) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $5.3214.

RPAY has been the topic of a number of analyst reports. DA Davidson restated a “buy” rating and set a $6.00 target price on shares of Repay in a research report on Wednesday. Weiss Ratings downgraded shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. UBS Group boosted their price target on Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Stephens downgraded Repay from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $7.00 to $3.75 in a research report on Tuesday, May 5th.

Repay Stock Down 4.4%

RPAY stock opened at $3.88 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $368.44 million, a price-to-earnings ratio of -1.27 and a beta of 1.83. The business’s fifty day moving average price is $3.66 and its two-hundred day moving average price is $3.40. Repay has a fifty-two week low of $2.30 and a fifty-two week high of $6.05.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. The company had revenue of $80.79 million during the quarter, compared to analysts’ expectations of $80.48 million. On average, equities analysts anticipate that Repay will post 0.66 earnings per share for the current year.

Institutional Trading of Repay

A number of institutional investors have recently modified their holdings of the stock. HB Wealth Management LLC raised its stake in Repay by 4.6% in the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock valued at $203,000 after acquiring an additional 3,452 shares during the period. Essential Partners LLC boosted its position in Repay by 69.8% during the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after purchasing an additional 3,950 shares during the period. Quarry LP bought a new position in Repay during the third quarter worth about $26,000. Blair William & Co. IL increased its stake in shares of Repay by 18.5% in the fourth quarter. Blair William & Co. IL now owns 41,044 shares of the company’s stock worth $150,000 after purchasing an additional 6,409 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in shares of Repay by 56.2% in the third quarter. Merit Financial Group LLC now owns 19,551 shares of the company’s stock worth $102,000 after purchasing an additional 7,036 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

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.