Repay Holdings Corporation (NASDAQ:RPAY) Given Consensus Rating of “Hold” by Brokerages

Repay Holdings Corporation (NASDAQ:RPAY) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.2222.

RPAY has been the topic of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Repay in a research note on Tuesday. Canaccord Genuity Group restated a “buy” rating and issued a $12.00 price target on shares of Repay in a research note on Friday, August 22nd. UBS Group raised their price target on shares of Repay from $4.50 to $5.75 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Repay from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, DA Davidson dropped their price target on shares of Repay from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th.

Insider Activity at Repay

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $5.89, for a total transaction of $155,407.65. Following the transaction, the executive vice president owned 193,532 shares in the company, valued at $1,139,903.48. This trade represents a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RPAY. Bfsg LLC increased its stake in shares of Repay by 40.5% during the first quarter. Bfsg LLC now owns 23,410 shares of the company’s stock valued at $130,000 after acquiring an additional 6,750 shares during the period. Spire Wealth Management increased its stake in shares of Repay by 52.5% during the first quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock valued at $42,000 after acquiring an additional 2,620 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Repay during the first quarter valued at approximately $61,000. Principal Financial Group Inc. increased its stake in shares of Repay by 9.0% during the first quarter. Principal Financial Group Inc. now owns 166,377 shares of the company’s stock valued at $927,000 after acquiring an additional 13,722 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Repay during the first quarter valued at approximately $361,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Price Performance

RPAY opened at $4.63 on Friday. The company’s 50-day moving average price is $5.42 and its 200 day moving average price is $4.95. Repay has a fifty-two week low of $3.59 and a fifty-two week high of $9.75. The firm has a market cap of $422.90 million, a price-to-earnings ratio of -3.67 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.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The company had revenue of $75.63 million for the quarter, compared to analyst estimates of $74.24 million. During the same quarter last year, the business earned $0.22 earnings per share. Repay’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Repay will post 0.72 earnings per share for the current 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.