Repay Holdings Corporation (NASDAQ:RPAY) Stock Has Average Target Price of $5.25 According to Analysts

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com 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 price target among brokerages that have issued ratings on the stock in the last year is $5.25.

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. DA Davidson restated a “buy” rating and set a $6.00 price target on shares of Repay in a report on Wednesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.00 price objective on shares of Repay in a research report on Wednesday, August 19th.

Repay Stock Performance

Shares of Repay stock opened at $3.82 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of $3.82 and a two-hundred day moving average price of $3.59. Repay has a 1-year low of $2.30 and a 1-year high of $5.39. The company has a market cap of $363.46 million, a P/E ratio of -1.87 and a beta of 1.89.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%.The business had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.86 million. As a group, analysts anticipate that Repay will post 0.88 EPS for the current year.

Insider Activity

In related news, General Counsel Tyler Dempsey sold 25,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $3.91, for a total transaction of $97,750.00. Following the transaction, the general counsel directly owned 466,251 shares of the company’s stock, valued at $1,823,041.41. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Repay

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Management Group Inc. boosted its position in shares of Repay by 30.5% during the 4th quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock worth $19,756,000 after purchasing an additional 1,263,399 shares in the last quarter. Whetstone Capital Advisors LLC grew its stake in shares of Repay by 1,832.1% in the 4th 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 during the period. Villanova Investment Management Co LLC increased its position in Repay by 5.6% in the 4th quarter. Villanova Investment Management Co LLC now owns 628,292 shares of the company’s stock valued at $2,293,000 after buying an additional 33,144 shares in the last quarter. Empowered Funds LLC increased its position in Repay by 9.9% in the 1st quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock valued at $1,327,000 after buying an additional 45,939 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Repay by 79.6% during the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock worth $1,289,000 after buying an additional 219,747 shares during the period. 82.73% of the stock is owned by institutional investors.

About Repay

Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and related technology. Its platform enables businesses and consumers to make and receive payments through credit and debit cards, automated clearing house (ACH) transactions, electronic checks and other digital payment methods.

REPAY serves specialized markets including consumer finance, automotive, healthcare, education, government, utilities and communications.