Repay Holdings Corporation (NASDAQ:RPAY) Receives $5.32 Average Price Target from Brokerages

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been assigned an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.3214.

A number of equities analysts have recently commented on the stock. Stephens lowered shares of Repay from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $7.00 to $3.75 in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. UBS Group upped their target price on shares of Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, DA Davidson reissued a “buy” rating and issued a $6.00 target price on shares of Repay in a research note on Wednesday, July 15th.

Hedge Funds Weigh In On Repay

Institutional investors have recently modified their holdings of the company. HB Wealth Management LLC boosted its position in shares of Repay by 4.6% in the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock worth $203,000 after purchasing an additional 3,452 shares in the last quarter. Essential Partners LLC increased its position in Repay by 69.8% during the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after buying an additional 3,950 shares in the last quarter. Quarry LP bought a new position in Repay during the 3rd quarter valued at approximately $26,000. Blair William & Co. IL raised its stake in Repay by 18.5% during the fourth quarter. Blair William & Co. IL now owns 41,044 shares of the company’s stock valued at $150,000 after buying an additional 6,409 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in Repay by 56.2% during the third quarter. Merit Financial Group LLC now owns 19,551 shares of the company’s stock valued at $102,000 after buying an additional 7,036 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Performance

Shares of RPAY opened at $3.88 on Monday. Repay has a 12-month low of $2.30 and a 12-month high of $6.05. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. The company has a market cap of $368.44 million, a PE ratio of -1.27 and a beta of 1.83. The stock has a 50-day moving average price of $3.66 and a 200-day moving average price of $3.40.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $80.79 million for the quarter, compared to analysts’ expectations of $80.48 million. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. As a group, equities analysts forecast that Repay will post 0.66 earnings per share for the current fiscal year.

Repay Company Profile

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.