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

Repay Holdings Corporation (NASDAQ:RPAY) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $6.9167.

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $12.00 target price on shares of Repay in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. DA Davidson reiterated a “buy” rating and issued a $10.00 target price on shares of Repay in a research note on Tuesday, November 11th. Benchmark reissued a “buy” rating on shares of Repay in a report on Friday, November 14th. Finally, Morgan Stanley dropped their price target on Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th.

Repay Price Performance

Repay stock opened at $3.54 on Monday. The business has a 50 day simple moving average of $3.54 and a 200 day simple moving average of $4.59. Repay has a one year low of $2.97 and a one year high of $7.84. The company has a market capitalization of $323.38 million, a PE ratio of -2.58 and a beta of 1.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Monday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $76.92 million. During the same period in the prior year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Repay will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Repay

A number of hedge funds have recently added to or reduced their stakes in RPAY. Portolan Capital Management LLC bought a new position in shares of Repay in the third quarter worth about $11,417,000. American Century Companies Inc. grew its stake in shares of Repay by 45.5% during the second quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock valued at $31,043,000 after purchasing an additional 2,013,128 shares during the last quarter. Private Management Group Inc. increased its holdings in shares of Repay by 57.3% in the second quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock valued at $20,124,000 after purchasing an additional 1,520,432 shares in the last quarter. Kent Lake PR LLC bought a new position in Repay in the 2nd quarter worth approximately $7,230,000. Finally, AQR Capital Management LLC raised its position in Repay by 2,421.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,444,545 shares of the company’s stock worth $6,963,000 after purchasing an additional 1,387,260 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

About Repay

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.