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

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $6.9167.

Several equities analysts have weighed in on RPAY shares. Morgan Stanley lowered their price objective on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 12th. DA Davidson reiterated a “buy” rating and set a $10.00 price target on shares of Repay in a report on Tuesday, November 11th. 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. UBS Group decreased their price objective on Repay from $5.75 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Finally, Benchmark reiterated a “buy” rating on shares of Repay in a report on Friday, November 14th.

Repay Stock Down 7.3%

RPAY stock opened at $3.04 on Friday. The firm has a market cap of $277.70 million, a PE ratio of -2.22 and a beta of 1.61. Repay has a 12 month low of $2.97 and a 12 month high of $7.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $3.56 and a 200 day simple moving average of $4.38.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results 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. The firm had revenue of $77.73 million for the quarter, compared to analyst estimates of $76.92 million. Repay had a negative net margin of 39.08% and a positive return on equity of 9.04%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. Equities research analysts forecast that Repay will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Repay

Large investors have recently made changes to their positions in the company. Quarry LP acquired a new position in Repay in the third quarter worth approximately $26,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Repay during the 2nd quarter worth $49,000. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 7,217 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Repay by 44.2% during the 2nd quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock valued at $53,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Repay in the 2nd quarter valued at $56,000. Institutional investors own 82.73% of the company’s stock.

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.