Repay Holdings Corporation (NASDAQ:RPAY) Receives $7.22 Average Target Price from Brokerages

Repay Holdings Corporation (NASDAQ:RPAY) has earned a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.2222.

A number of research analysts have issued reports on RPAY shares. DA Davidson lowered their price objective on Repay from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Canaccord Genuity Group reiterated a “buy” rating and set a $12.00 price objective on shares of Repay in a research note on Friday, August 22nd. Wall Street Zen upgraded Repay from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. UBS Group lifted their price objective on Repay from $4.50 to $5.75 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on Repay from $5.00 to $5.75 and gave the company a “market perform” rating in a research note on Tuesday, August 12th.

Insider Buying and Selling at Repay

In other news, EVP Jacob Hamilton Moore sold 26,385 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $5.89, for a total value of $155,407.65. Following the completion of the transaction, the executive vice president owned 193,532 shares in the company, valued at $1,139,903.48. The trade was a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RPAY. American Century Companies Inc. grew its holdings in shares of Repay by 45.5% in the second quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock worth $31,043,000 after acquiring an additional 2,013,128 shares during the period. Private Management Group Inc. grew its holdings in shares of Repay by 57.3% in the second quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock worth $20,124,000 after acquiring an additional 1,520,432 shares during the period. Kent Lake PR LLC bought a new stake in shares of Repay in the second quarter worth $7,230,000. AQR Capital Management LLC grew its holdings in shares of Repay by 2,421.7% in the second quarter. AQR Capital Management LLC now owns 1,444,545 shares of the company’s stock worth $6,963,000 after acquiring an additional 1,387,260 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Repay in the first quarter worth $5,764,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Trading Up 3.1%

RPAY opened at $4.73 on Friday. The stock has a market cap of $432.04 million, a PE ratio of -3.75 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $5.47 and a 200-day moving average of $4.97. Repay has a 52 week low of $3.59 and a 52 week high of $9.75.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $75.63 million during the quarter, compared to analysts’ expectations of $74.24 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%.The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. Equities research analysts predict 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.