Repay Holdings Co. (NASDAQ:RPAY) Given Average Rating of “Moderate Buy” by Analysts

Repay Holdings Co. (NASDAQ:RPAY) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.31.

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price target on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. DA Davidson reiterated a “buy” rating and set a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Canaccord Genuity Group decreased their price objective on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Stephens reaffirmed an “overweight” rating and issued a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Finally, UBS Group decreased their price target on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th.

Repay Price Performance

Repay stock opened at $5.90 on Tuesday. The company has a market capitalization of $575.18 million, a PE ratio of -6.78 and a beta of 1.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. Repay has a one year low of $5.30 and a one year high of $11.27. The business has a 50 day simple moving average of $6.93 and a 200 day simple moving average of $7.61.

Hedge Funds Weigh In On Repay

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Repay during the fourth quarter worth $27,000. R Squared Ltd bought a new position in Repay during the fourth quarter worth $36,000. Blue Trust Inc. boosted its position in shares of Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after purchasing an additional 2,077 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Repay in the fourth quarter valued at approximately $47,000. Finally, Olympiad Research LP acquired a new stake in Repay in the 4th quarter valued at $80,000. Institutional investors 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.