Brokerages Set Repay Holdings Co. (NASDAQ:RPAY) Price Target at $10.31

Repay Holdings Co. (NASDAQ:RPAY) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $10.31.

RPAY has been the subject of a number of research reports. Stephens reissued an “overweight” rating and set a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. DA Davidson restated a “buy” rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Canaccord Genuity Group decreased their price objective on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, BMO Capital Markets cut their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th.

Repay Stock Up 1.6 %

Shares of NASDAQ RPAY opened at $5.57 on Tuesday. The stock has a market capitalization of $543.01 million, a PE ratio of -6.40 and a beta of 1.54. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $6.76 and a 200-day moving average of $7.53. Repay has a 52-week low of $5.30 and a 52-week high of $11.27.

Hedge Funds Weigh In On Repay

A number of institutional investors have recently added to or reduced their stakes in RPAY. Wellington Management Group LLP lifted its stake in shares of Repay by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company’s stock worth $35,941,000 after acquiring an additional 152,078 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Repay in the 4th quarter valued at approximately $114,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Repay by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company’s stock valued at $1,029,000 after buying an additional 4,980 shares during the last quarter. Sovereign s Capital Management LLC acquired a new stake in shares of Repay during the fourth quarter worth approximately $4,408,000. Finally, Squarepoint Ops LLC increased its stake in shares of Repay by 32.2% in the fourth quarter. Squarepoint Ops LLC now owns 295,408 shares of the company’s stock worth $2,254,000 after buying an additional 72,026 shares during the last quarter. 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.