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

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $6.4063.

Several brokerages have recently weighed in on RPAY. DA Davidson reissued a “buy” rating and set a $10.00 price objective on shares of Repay in a research report on Tuesday, November 11th. Morgan Stanley decreased their target price on Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. Wall Street Zen downgraded Repay from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Repay in a report on Monday, December 29th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price objective on shares of Repay in a research note on Tuesday, November 11th.

Institutional Trading of Repay

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in Repay during the 4th quarter valued at $40,000. Alpine Global Management LLC bought a new position in shares of Repay in the fourth quarter valued at $89,000. Villanova Investment Management Co LLC lifted its stake in shares of Repay by 5.6% in the fourth quarter. Villanova Investment Management Co LLC now owns 628,292 shares of the company’s stock valued at $2,293,000 after buying an additional 33,144 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Repay by 9.9% during the fourth quarter. Invesco Ltd. now owns 216,407 shares of the company’s stock valued at $790,000 after buying an additional 19,494 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Repay during the fourth quarter valued at about $382,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Performance

Shares of RPAY stock opened at $2.81 on Tuesday. The firm has a 50 day moving average of $3.35 and a 200-day moving average of $4.10. The company has a market cap of $256.69 million, a price-to-earnings ratio of -2.05 and a beta of 1.64. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. Repay has a 52 week low of $2.70 and a 52 week high of $6.05.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, March 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $78.59 million for the quarter, compared to the consensus estimate of $76.79 million. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. On average, equities analysts forecast that Repay will post 0.72 earnings per share for the current year.

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.