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

Shares of Repay Holdings Co. (NASDAQ:RPAY) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.29.

Several equities research analysts have commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research note on Wednesday, September 25th. Benchmark restated a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price target on shares of Repay in a research note on Wednesday, July 3rd. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Repay in a research note on Tuesday, July 9th. Finally, Barclays decreased their price target on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th.

Repay Trading Up 1.7 %

NASDAQ:RPAY opened at $7.74 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. The firm has a market cap of $786.62 million, a price-to-earnings ratio of -7.90 and a beta of 1.44. Repay has a 52 week low of $5.78 and a 52 week high of $11.27. The firm has a 50-day moving average price of $8.12 and a two-hundred day moving average price of $9.28.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $74.91 million during the quarter, compared to analyst estimates of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. On average, equities analysts expect that Repay will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Repay

In related news, EVP Jacob Hamilton Moore sold 7,198 shares of Repay stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $8.18, for a total value of $58,879.64. Following the completion of the transaction, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,146,263.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 269,524 shares of company stock worth $2,222,784. Corporate insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after purchasing an additional 2,771 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Repay during the 3rd quarter valued at $59,000. Creative Planning purchased a new position in shares of Repay during the 3rd quarter valued at $115,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Repay during the 3rd quarter valued at $126,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Repay during the 2nd quarter valued at $142,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Company Profile

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.