Repay Holdings Co. (NASDAQ:RPAY) Given Average Rating of “Hold” by Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.88.

RPAY has been the subject of several analyst reports. Berenberg Bank initiated coverage on shares of Repay in a report on Monday, September 11th. They set a “hold” rating and a $9.00 price target for the company. Morgan Stanley increased their price target on shares of Repay from $8.00 to $8.50 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. UBS Group initiated coverage on shares of Repay in a report on Friday, October 20th. They set a “neutral” rating and a $8.00 price target for the company. Canaccord Genuity Group cut their price target on shares of Repay from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday. Finally, Citigroup cut their price target on shares of Repay from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, October 4th.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $6.44 on Friday. The company has a 50-day simple moving average of $7.02 and a 200-day simple moving average of $7.40. Repay has a one year low of $5.61 and a one year high of $10.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.20 and a current ratio of 3.20. The stock has a market capitalization of $647.61 million, a price-to-earnings ratio of -16.95 and a beta of 1.11.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $71.78 million for the quarter, compared to analysts’ expectations of $68.00 million. Repay had a positive return on equity of 7.12% and a negative net margin of 10.97%. On average, analysts predict that Repay will post 0.67 EPS for the current year.

Insider Activity

In other news, General Counsel Tyler B. Dempsey sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $9.04, for a total value of $452,000.00. Following the sale, the general counsel now directly owns 209,194 shares in the company, valued at $1,891,113.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Tyler B. Dempsey sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $9.04, for a total value of $452,000.00. Following the sale, the general counsel now directly owns 209,194 shares in the company, valued at $1,891,113.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Naomi Barnett sold 11,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $9.09, for a total transaction of $99,990.00. Following the completion of the sale, the executive vice president now owns 87,698 shares in the company, valued at $797,174.82. The disclosure for this sale can be found here. Insiders have sold 71,000 shares of company stock worth $638,790 over the last ninety days. 19.23% of the stock is currently owned by insiders.

Institutional Trading of Repay

Hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its position in Repay by 42.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,884 shares of the company’s stock worth $62,000 after acquiring an additional 856 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Repay by 1,458.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,858 shares of the company’s stock worth $38,000 after acquiring an additional 5,482 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Repay by 325.7% during the first quarter. Tower Research Capital LLC TRC now owns 6,445 shares of the company’s stock worth $42,000 after purchasing an additional 4,931 shares during the period. Point72 Hong Kong Ltd purchased a new position in Repay during the first quarter worth approximately $98,000. Finally, Lazard Asset Management LLC purchased a new position in Repay during the first quarter worth approximately $110,000. Institutional investors and hedge funds own 75.38% of the company’s stock.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets. It operates in two segments, Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.