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

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.33.

A number of brokerages have recently commented on RPAY. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Wednesday, November 13th. Keefe, Bruyette & Woods cut their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th.

Insider Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the company’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 transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in Repay by 340.0% in the 3rd 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. R Squared Ltd acquired a new stake in shares of Repay during the 4th quarter worth about $36,000. nVerses Capital LLC acquired a new stake in shares of Repay during the 3rd quarter worth about $59,000. Point72 DIFC Ltd acquired a new stake in shares of Repay during the 3rd quarter worth about $99,000. Finally, Entropy Technologies LP acquired a new stake in shares of Repay during the 3rd quarter worth about $109,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Stock Down 1.7 %

RPAY stock opened at $7.47 on Monday. 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 has a twelve month low of $7.15 and a twelve month high of $11.27. The company’s 50 day moving average is $7.75 and its two-hundred day moving average is $8.16. The stock has a market cap of $729.30 million, a P/E ratio of -8.59 and a beta of 1.42.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. Research analysts expect 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.