Repay Holdings Co. (NASDAQ:RPAY) Receives $12.33 Average Price Target from Brokerages

Repay Holdings Co. (NASDAQ:RPAY) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.33.

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

Repay Price Performance

NASDAQ:RPAY opened at $7.43 on Thursday. The business’s 50-day moving average is $7.98 and its two-hundred day moving average is $8.35. Repay has a 12 month low of $7.04 and a 12 month high of $11.27. 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 released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. During the same period in the previous year, the company posted $0.16 EPS. Repay’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Repay will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by company insiders.

Institutional Trading of Repay

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Repay during the third quarter worth $59,000. Point72 DIFC Ltd bought a new position in shares of Repay in the 3rd quarter worth about $99,000. Entropy Technologies LP acquired a new position in shares of Repay in the 3rd quarter valued at about $109,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Repay during the 2nd quarter valued at about $142,000. 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.