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

Repay Holdings Co. (NASDAQ:RPAY) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.29.

Several analysts recently weighed in on RPAY shares. Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Wednesday, November 13th. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Finally, Barclays cut their price target on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $7.89 on Wednesday. The business has a fifty day simple moving average of $8.06 and a 200 day simple moving average of $9.05. Repay has a 1 year low of $7.04 and a 1 year high of $11.27. The firm has a market cap of $771.25 million, a price-to-earnings ratio of -9.07 and a beta of 1.44. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Repay will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the completion of the sale, the executive vice president now owns 240,130 shares of the company’s stock, valued at approximately $1,995,480.30. This trade represents a 46.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 269,524 shares of company stock worth $2,222,784 in the last 90 days. 11.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Repay

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. lifted its position in shares of Repay by 30.1% during the first quarter. Sei Investments Co. now owns 259,588 shares of the company’s stock worth $2,855,000 after purchasing an additional 60,018 shares in the last quarter. Janus Henderson Group PLC boosted its position in Repay by 8.8% in the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock valued at $31,589,000 after buying an additional 233,334 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Repay in the 2nd quarter valued at $1,365,000. American Century Companies Inc. raised its position in shares of Repay by 6.7% during the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after acquiring an additional 158,668 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Repay by 182.1% during the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after acquiring an additional 1,503,919 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

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.