Brokerages Set Repay Holdings Co. (NASDAQ:RPAY) Target Price at $12.33

Repay Holdings Co. (NASDAQ:RPAY) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.33.

A number of brokerages have recently weighed in on RPAY. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. Keefe, Bruyette & Woods decreased their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th.

Insider Buying and Selling at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value 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 represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RPAY. Blue Trust Inc. increased its stake in Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after acquiring an additional 2,077 shares during the period. Bailard Inc. raised its position in Repay by 5.7% in the fourth quarter. Bailard Inc. now owns 42,600 shares of the company’s stock valued at $325,000 after purchasing an additional 2,300 shares during the last quarter. Bfsg LLC boosted its position in Repay by 29.9% during the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock worth $127,000 after buying an additional 3,830 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Repay by 13.6% during the second quarter. The Manufacturers Life Insurance Company now owns 34,578 shares of the company’s stock worth $365,000 after purchasing an additional 4,138 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Repay by 30.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company’s stock valued at $153,000 after purchasing an additional 4,659 shares during the period. Institutional investors own 82.73% of the company’s stock.

Repay Trading Down 0.1 %

Shares of RPAY opened at $7.62 on Monday. The firm has a market capitalization of $743.96 million, a PE ratio of -8.76 and a beta of 1.43. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 12-month low of $7.15 and a 12-month high of $11.27. The stock’s fifty day simple moving average is $7.70 and its 200-day simple moving average is $8.11.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. As a group, research analysts predict that Repay will post 0.72 earnings per share for the current 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.