Repay Holdings Co. (NASDAQ:RPAY) Receives $12.33 Average PT from Analysts

Shares of Repay Holdings Co. (NASDAQ:RPAY) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.33.

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

Insider Activity at Repay

In other Repay 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 completion of the sale, the chief financial officer now owns 450,879 shares in the company, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Repay

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Repay by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock worth $4,016,000 after buying an additional 112,125 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Repay during the third quarter valued at approximately $1,122,000. Franklin Resources Inc. increased its stake in Repay by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,539,844 shares of the company’s stock valued at $12,273,000 after purchasing an additional 42,876 shares in the last quarter. Geode Capital Management LLC raised its holdings in Repay by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock worth $16,298,000 after purchasing an additional 32,613 shares during the period. Finally, Aequim Alternative Investments LP boosted its position in shares of Repay by 640.7% during the third quarter. Aequim Alternative Investments LP now owns 578,484 shares of the company’s stock worth $4,720,000 after purchasing an additional 500,384 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Price Performance

Repay stock opened at $7.30 on Thursday. The business has a 50 day simple moving average of $7.99 and a 200 day simple moving average of $8.37. Repay has a one year low of $7.04 and a one year high of $11.27. The company has a market capitalization of $712.72 million, a PE ratio of -8.39 and a beta of 1.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70.

Repay (NASDAQ:RPAY) last issued its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. During the same quarter in the previous year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Repay will post 0.72 EPS for the current fiscal year.

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.