Repay Holdings Corporation (NASDAQ:RPAY) Receives $6.92 Average PT from Analysts

Repay Holdings Corporation (NASDAQ:RPAY) has received an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $6.9167.

A number of equities research analysts have recently weighed in on RPAY shares. Morgan Stanley cut their price target on Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Wall Street Zen lowered shares of Repay from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. DA Davidson reissued a “buy” rating and issued a $10.00 target price on shares of Repay in a research report on Tuesday, November 11th. Benchmark restated a “buy” rating on shares of Repay in a research note on Friday, November 14th. Finally, Canaccord Genuity Group reaffirmed 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

Large investors have recently made changes to their positions in the stock. Inspire Investing LLC bought a new stake in Repay during the first quarter valued at about $346,000. Continental Advisors LLC lifted its position in shares of Repay by 267.2% during the 1st quarter. Continental Advisors LLC now owns 336,090 shares of the company’s stock worth $1,872,000 after purchasing an additional 244,556 shares during the last quarter. American Century Companies Inc. boosted its stake in Repay by 45.5% during the 2nd 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 period. Villanova Investment Management Co LLC grew its holdings in Repay by 221.8% in the 2nd quarter. Villanova Investment Management Co LLC now owns 415,394 shares of the company’s stock valued at $2,002,000 after buying an additional 286,295 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in Repay in the 2nd quarter valued at approximately $57,000. Institutional investors own 82.73% of the company’s stock.

Repay Stock Performance

Repay stock opened at $3.71 on Thursday. The company’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $4.70. 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 12 month low of $2.97 and a 12 month high of $7.88. The stock has a market cap of $338.90 million, a P/E ratio of -2.71 and a beta of 1.68.

Repay (NASDAQ:RPAY) last announced 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 business had revenue of $77.73 million during the quarter, compared to analyst estimates of $76.92 million. During the same period last year, the company earned $0.23 earnings per share. Repay’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Repay will post 0.72 EPS for the current fiscal year.

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.