Repay Holdings Co. (NASDAQ:RPAY) Given Average Recommendation of “Buy” by Analysts

Repay Holdings Co. (NASDAQ:RPAYGet Rating) has received an average rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $23.60.

A number of research analysts have weighed in on the company. Credit Suisse Group decreased their price objective on Repay from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Zacks Investment Research lowered Repay from a “buy” rating to a “hold” rating in a report on Friday, March 11th. BTIG Research decreased their price objective on Repay from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, January 26th. Morgan Stanley decreased their price objective on Repay from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 2nd. Finally, TheStreet lowered Repay from a “c-” rating to a “d+” rating in a report on Monday, March 14th.

In other news, EVP Naomi Barnett sold 6,500 shares of Repay stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $14.72, for a total transaction of $95,680.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.66% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in RPAY. Knights of Columbus Asset Advisors LLC lifted its stake in Repay by 0.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 99,134 shares of the company’s stock worth $2,283,000 after purchasing an additional 528 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Repay by 6.4% in the third quarter. Allianz Asset Management GmbH now owns 11,847 shares of the company’s stock valued at $273,000 after purchasing an additional 708 shares during the period. Amalgamated Bank grew its holdings in Repay by 5.7% during the third quarter. Amalgamated Bank now owns 13,166 shares of the company’s stock worth $303,000 after acquiring an additional 713 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in Repay by 4.8% during the third quarter. Metropolitan Life Insurance Co NY now owns 21,846 shares of the company’s stock worth $503,000 after acquiring an additional 994 shares during the period. Finally, Swiss National Bank grew its holdings in Repay by 0.7% during the third quarter. Swiss National Bank now owns 168,883 shares of the company’s stock worth $3,889,000 after acquiring an additional 1,200 shares during the period.

Shares of RPAY stock opened at $14.82 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -24.29 and a beta of 0.72. The stock has a 50 day simple moving average of $15.64 and a 200-day simple moving average of $17.93. Repay has a 1-year low of $12.91 and a 1-year high of $25.75.

Repay (NASDAQ:RPAYGet Rating) last announced its earnings results on Tuesday, March 1st. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.10. The business had revenue of $62.20 million during the quarter, compared to the consensus estimate of $63.77 million. Repay had a positive return on equity of 6.83% and a negative net margin of 22.84%. The business’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. Analysts anticipate that Repay will post 0.7 earnings per share for the current fiscal year.

About Repay (Get Rating)

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale.

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