Repay Holdings Corporation (NASDAQ:RPAY) Given Average Recommendation of “Hold” by Brokerages

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given an average rating of “Hold” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.6944.

RPAY has been the subject of a number of analyst reports. Canaccord Genuity Group dropped their target price on shares of Repay from $12.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Repay in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of Repay in a research report on Tuesday, March 10th. UBS Group dropped their price objective on Repay from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Finally, Morgan Stanley cut their price objective on Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Tuesday, March 10th.

Repay Price Performance

Shares of NASDAQ RPAY opened at $2.58 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. Repay has a 52 week low of $2.39 and a 52 week high of $6.05. The firm’s fifty day moving average is $3.03 and its 200 day moving average is $3.73. The company has a market cap of $235.22 million, a price-to-earnings ratio of -0.85 and a beta of 1.60.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, March 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $78.59 million for the quarter, compared to analysts’ expectations of $76.79 million. Repay had a negative net margin of 83.01% and a positive return on equity of 9.30%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. On average, equities research analysts expect that Repay will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RPAY. American Century Companies Inc. lifted its position in shares of Repay by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 6,667,792 shares of the company’s stock worth $34,873,000 after purchasing an additional 227,349 shares during the period. Private Management Group Inc. increased its position in shares of Repay by 30.5% during the fourth quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock valued at $19,756,000 after buying an additional 1,263,399 shares during the period. Sunriver Management LLC increased its position in shares of Repay by 11.0% during the fourth quarter. Sunriver Management LLC now owns 4,361,524 shares of the company’s stock valued at $15,920,000 after buying an additional 433,524 shares during the period. Whetstone Capital Advisors LLC raised its stake in Repay by 1,832.1% in the fourth quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company’s stock worth $9,959,000 after buying an additional 2,587,400 shares in the last quarter. Finally, Portolan Capital Management LLC bought a new position in Repay in the third quarter worth about $11,417,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

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.