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

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $12.33.

A number of research firms have recently weighed in on RPAY. Keefe, Bruyette & Woods cut their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a report on Wednesday, November 13th.

Repay Trading Down 0.5 %

Shares of NASDAQ RPAY opened at $7.50 on Thursday. The stock has a fifty day simple moving average of $8.03 and a 200-day simple moving average of $8.45. Repay has a twelve month low of $7.04 and a twelve month high of $11.27. 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 market capitalization of $732.25 million, a PE ratio of -8.62 and a beta of 1.42.

Repay (NASDAQ:RPAY) last released its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting 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 company had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. During the same period in the previous year, the company posted $0.16 EPS. Repay’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Repay will post 0.72 earnings per share for the current year.

Insider Activity at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Repay during the third quarter worth about $59,000. Point72 DIFC Ltd purchased a new stake in shares of Repay in the 3rd quarter valued at about $99,000. Entropy Technologies LP acquired a new stake in shares of Repay in the 3rd quarter valued at about $109,000. Finally, Squarepoint Ops LLC purchased a new position in Repay during the 2nd quarter worth approximately $142,000. 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.