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

Repay Holdings Corporation (NASDAQ:RPAY) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $6.9167.

A number of equities research analysts have issued reports on RPAY shares. Morgan Stanley decreased their price target on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. 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. Benchmark reaffirmed a “buy” rating on shares of Repay in a report on Friday, November 14th. Keefe, Bruyette & Woods lifted their price target on Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen cut Repay from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th.

Repay Trading Down 0.6%

Shares of RPAY stock opened at $3.48 on Friday. Repay has a 12 month low of $2.97 and a 12 month high of $8.37. The company has a market cap of $317.90 million, a PE ratio of -2.54 and a beta of 1.68. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $4.21 and its two-hundred day moving average is $4.83.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Repay had a negative net margin of 39.08% and a positive return on equity of 9.04%. The business had revenue of $77.73 million during the quarter, compared to analysts’ expectations of $76.92 million. During the same period in the previous year, the company earned $0.23 earnings per share. Repay’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts predict that Repay will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other Repay news, EVP Jacob Hamilton Moore sold 26,385 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $5.89, for a total value of $155,407.65. Following the completion of the sale, the executive vice president directly owned 193,532 shares of the company’s stock, valued at $1,139,903.48. This represents a 12.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Repay

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in Repay during the third quarter valued at about $26,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Repay during the 2nd quarter worth approximately $49,000. EverSource Wealth Advisors LLC increased its position in shares of Repay by 224.4% during the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock valued at $50,000 after purchasing an additional 7,217 shares during the period. Spire Wealth Management increased its position in shares of Repay by 44.2% during the second 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Repay in the second quarter valued at $56,000. Institutional investors own 82.73% of the company’s stock.

Repay Company Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.