Repay Holdings Corporation (NASDAQ:RPAY) Receives Average Rating of “Hold” from Analysts

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $6.9167.

A number of research firms have weighed in on RPAY. Morgan Stanley decreased their target price on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 12th. Wall Street Zen lowered Repay from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Repay in a report on Monday. Benchmark reissued a “buy” rating on shares of Repay in a research note on Friday, November 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $12.00 price target on shares of Repay in a research report on Tuesday, November 11th.

Repay Price Performance

NASDAQ:RPAY opened at $3.71 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Repay has a 12 month low of $2.97 and a 12 month high of $7.90. The firm has a market cap of $338.91 million, a P/E ratio of -2.71 and a beta of 1.68. The stock has a 50 day moving average of $3.82 and a two-hundred day moving average of $4.72.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The firm had revenue of $77.73 million during the quarter, compared to the consensus estimate of $76.92 million. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, analysts expect that Repay will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Repay during the 3rd quarter worth approximately $26,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Repay in the 2nd quarter valued at about $49,000. EverSource Wealth Advisors LLC raised its position in shares of Repay by 224.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after acquiring an additional 7,217 shares in the last quarter. Spire Wealth Management lifted its stake in Repay by 44.2% during the second quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock worth $53,000 after purchasing an additional 3,360 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Repay in the second quarter valued at approximately $56,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.