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

Repay Holdings Co. (NASDAQ:RPAY) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $9.94.

Several equities analysts have issued reports on RPAY shares. Canaccord Genuity Group lowered their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. UBS Group dropped their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Barclays lowered their price target on Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. BMO Capital Markets dropped their price target on Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods reduced their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th.

Repay Trading Down 4.3 %

Shares of NASDAQ:RPAY opened at $4.40 on Friday. Repay has a 1 year low of $4.29 and a 1 year high of $11.27. The stock’s fifty day moving average price is $5.94 and its 200-day moving average price is $7.18. The company has a market cap of $428.95 million, a P/E ratio of -5.06 and a beta of 1.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sunriver Management LLC raised its stake in shares of Repay by 11.6% in the fourth quarter. Sunriver Management LLC now owns 6,043,368 shares of the company’s stock worth $46,111,000 after buying an additional 626,528 shares during the period. Wellington Management Group LLP raised its stake in Repay by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company’s stock worth $35,941,000 after acquiring an additional 152,078 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Repay by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock valued at $33,114,000 after purchasing an additional 243,743 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Repay by 6.8% in the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company’s stock worth $31,830,000 after purchasing an additional 267,184 shares during the period. Finally, River Road Asset Management LLC increased its stake in shares of Repay by 31.7% in the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock worth $19,006,000 after purchasing an additional 599,840 shares in the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

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.