Repay Holdings Corporation (NASDAQ:RPAY) Receives $6.92 Consensus PT from Analysts

Repay Holdings Corporation (NASDAQ:RPAY) has been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.9167.

Several research firms have recently issued reports on RPAY. Morgan Stanley cut their price target on Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Wall Street Zen cut shares of Repay from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group lowered their price target on shares of Repay from $5.75 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Repay in a research report on Monday, December 29th. Finally, Benchmark reaffirmed a “buy” rating on shares of Repay in a research note on Friday, November 14th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in Repay by 24.6% in the 1st quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock valued at $12,065,000 after purchasing an additional 428,289 shares in the last quarter. Empowered Funds LLC raised its position in shares of Repay by 4.6% in the first quarter. Empowered Funds LLC now owns 497,625 shares of the company’s stock valued at $2,772,000 after buying an additional 21,807 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Repay by 57.6% during the first quarter. Jane Street Group LLC now owns 95,979 shares of the company’s stock valued at $535,000 after buying an additional 35,068 shares during the period. Blair William & Co. IL boosted its position in Repay by 136.3% during the second quarter. Blair William & Co. IL now owns 34,635 shares of the company’s stock worth $167,000 after acquiring an additional 19,975 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in Repay by 29.8% in the 2nd quarter. Inspire Investing LLC now owns 80,531 shares of the company’s stock worth $388,000 after acquiring an additional 18,502 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Performance

NASDAQ RPAY opened at $3.05 on Friday. The business has a 50 day moving average price of $3.53 and a 200 day moving average price of $4.33. The company has a market capitalization of $278.62 million, a P/E ratio of -2.23 and a beta of 1.61. Repay has a 1-year low of $2.80 and a 1-year high of $7.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.