Analysts Set Repay Holdings Co. (NASDAQ:RPAY) PT at $10.63

Shares of Repay Holdings Co. (NASDAQ:RPAY) have been given an average recommendation of “Hold” by the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.63.

Several research firms have weighed in on RPAY. Benchmark restated a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Friday, May 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price objective on shares of Repay in a research note on Wednesday, July 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Friday, May 10th. 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.

Institutional Investors Weigh In On Repay

A number of institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new position in Repay during the 4th quarter worth about $34,000. Quest Partners LLC bought a new stake in Repay in the fourth quarter valued at approximately $56,000. Oak Thistle LLC acquired a new stake in Repay during the 4th quarter valued at approximately $103,000. Bfsg LLC bought a new position in Repay during the 4th quarter worth approximately $119,000. Finally, Simplicity Solutions LLC lifted its position in shares of Repay by 17.4% in the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock worth $158,000 after purchasing an additional 2,744 shares during the period. 82.73% of the stock is owned by institutional investors.

Repay Trading Down 2.1 %

Shares of NASDAQ RPAY opened at $9.59 on Thursday. Repay has a 52 week low of $5.63 and a 52 week high of $11.27. The stock’s fifty day moving average is $10.07 and its 200 day moving average is $9.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44.

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

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.