Repay Holdings Co. (NASDAQ:RPAY) Receives Average Rating of “Hold” from Analysts

Repay Holdings Co. (NASDAQ:RPAY) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.25.

Several research analysts recently commented on RPAY shares. Barclays raised their price target on shares of Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Truist Financial reiterated a “buy” rating and set a $13.00 price objective (up previously from $10.00) on shares of Repay in a research note on Monday, March 4th. DA Davidson reiterated a “buy” rating and set a $16.00 price objective on shares of Repay in a research note on Monday, March 4th. Benchmark began coverage on shares of Repay in a research note on Tuesday, February 13th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research note on Monday, March 4th.

Repay Price Performance

Repay stock opened at $9.98 on Tuesday. Repay has a 12-month low of $5.61 and a 12-month high of $11.22. The stock has a market capitalization of $1.02 billion, a P/E ratio of -8.18 and a beta of 1.34. The firm’s 50-day moving average is $9.59 and its two-hundred day moving average is $8.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. The company had revenue of $75.99 million for the quarter, compared to analysts’ expectations of $69.94 million. Equities analysts predict that Repay will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 5,624 shares of Repay stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.03, for a total value of $56,408.72. Following the completion of the sale, the chief financial officer now owns 646,387 shares in the company, valued at $6,483,261.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 116,019 shares of company stock worth $1,220,382. Insiders own 19.23% of the company’s stock.

Hedge Funds Weigh In On Repay

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Repay by 10.3% in the first quarter. BlackRock Inc. now owns 8,436,963 shares of the company’s stock worth $55,431,000 after purchasing an additional 788,574 shares during the period. Vanguard Group Inc. boosted its holdings in Repay by 9.0% in the third quarter. Vanguard Group Inc. now owns 4,651,783 shares of the company’s stock worth $32,843,000 after purchasing an additional 382,846 shares during the period. Sunriver Management LLC boosted its holdings in Repay by 15.4% in the fourth quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock worth $38,240,000 after purchasing an additional 597,059 shares during the period. Ranger Investment Management L.P. boosted its holdings in Repay by 4.3% in the second quarter. Ranger Investment Management L.P. now owns 3,038,366 shares of the company’s stock worth $23,790,000 after purchasing an additional 125,390 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Repay by 31.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,850,841 shares of the company’s stock worth $24,347,000 after purchasing an additional 678,403 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.