Repay Holdings Co. (NASDAQ:RPAY) Receives $10.63 Average Target Price from Analysts

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received an average rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.63.

RPAY has been the subject of a number of research analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Friday, May 10th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $11.00 target price on shares of Repay in a report on Wednesday, July 3rd. Benchmark reissued a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Friday, May 24th. Finally, DA Davidson reissued a “buy” rating and issued a $16.00 target price on shares of Repay in a report on Tuesday, July 9th.

Repay Stock Performance

RPAY stock opened at $9.65 on Thursday. Repay has a twelve month low of $5.63 and a twelve month high of $11.27. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $10.10 and a 200 day moving average of $9.58.

Repay (NASDAQ:RPAY) last posted its earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $80.72 million during the quarter, compared to analyst estimates of $80.24 million. Repay had a positive return on equity of 7.74% and a negative net margin of 29.49%. Analysts predict that Repay will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently bought and sold shares of RPAY. American Century Companies Inc. purchased a new position in Repay during the third quarter valued at $8,492,000. Vanguard Group Inc. lifted its position in Repay by 1.3% during the third quarter. Vanguard Group Inc. now owns 4,245,695 shares of the company’s stock valued at $32,225,000 after purchasing an additional 53,746 shares in the last quarter. SG Americas Securities LLC lifted its position in Repay by 65.4% during the fourth quarter. SG Americas Securities LLC now owns 29,224 shares of the company’s stock valued at $250,000 after purchasing an additional 11,550 shares in the last quarter. Oak Thistle LLC purchased a new position in Repay during the fourth quarter valued at $103,000. Finally, Bleakley Financial Group LLC lifted its position in Repay by 18.5% during the fourth quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock valued at $160,000 after purchasing an additional 2,925 shares in the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

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.