Repay Holdings Co. (NASDAQ:RPAY) Receives Consensus Recommendation of “Hold” from Brokerages

Repay Holdings Co. (NASDAQ:RPAY) has received an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.50.

A number of research firms have recently issued reports on RPAY. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Repay in a report on Tuesday, April 30th. Keefe, Bruyette & Woods increased their target price on Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a report on Monday, March 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Friday, May 10th. Benchmark reissued a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Friday, May 24th. Finally, Truist Financial restated a “buy” rating and set a $13.00 price objective (up from $10.00) on shares of Repay in a research report on Monday, March 4th.

Repay Stock Down 0.7 %

Shares of NASDAQ:RPAY opened at $10.56 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44. The company has a 50 day moving average price of $10.30 and a 200 day moving average price of $9.42. Repay has a 1-year low of $5.63 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.18 earnings per share for the quarter, meeting 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%. As a group, equities analysts forecast that Repay will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Repay

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in Repay by 8.8% in the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after buying an additional 233,334 shares during the last quarter. Bayesian Capital Management LP increased its stake in shares of Repay by 33.8% during the 1st quarter. Bayesian Capital Management LP now owns 30,906 shares of the company’s stock worth $340,000 after purchasing an additional 7,800 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Repay by 18.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock valued at $264,000 after purchasing an additional 3,661 shares in the last quarter. Summit Creek Advisors LLC lifted its stake in shares of Repay by 0.7% in the 1st quarter. Summit Creek Advisors LLC now owns 1,844,508 shares of the company’s stock valued at $20,290,000 after purchasing an additional 12,517 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Repay by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock worth $48,366,000 after purchasing an additional 32,554 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.