Repay Holdings Co. (NASDAQ:RPAY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Repay Holdings Co. (NASDAQ:RPAY) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.83.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price target on shares of Repay in a report on Wednesday, November 13th.

Insider Activity

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the sale, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

Several large investors have recently modified their holdings of RPAY. Blue Trust Inc. boosted its position in Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after purchasing an additional 2,771 shares during the last quarter. nVerses Capital LLC bought a new position in Repay in the 3rd quarter worth $59,000. Point72 DIFC Ltd purchased a new position in Repay during the third quarter valued at $99,000. Entropy Technologies LP bought a new stake in Repay during the third quarter valued at about $109,000. Finally, Creative Planning purchased a new stake in Repay in the third quarter worth about $115,000. Institutional investors own 82.73% of the company’s stock.

Repay Stock Up 0.1 %

Shares of NASDAQ:RPAY opened at $8.16 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $8.78. Repay has a 12-month low of $7.04 and a 12-month high of $11.27. The stock has a market capitalization of $796.69 million, a price-to-earnings ratio of -9.38 and a beta of 1.42.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Repay’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that Repay will post 0.72 earnings per share for the current fiscal year.

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.