Repay Holdings Corporation (NASDAQ:RPAY) Given Average Rating of “Hold” by Analysts

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the firm, MarketBeat 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 1 year target price among brokers that have covered the stock in the last year is $5.6944.

Several research firms have weighed in on RPAY. Weiss Ratings reiterated a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. Morgan Stanley reduced their price target on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a report on Tuesday, March 10th. DA Davidson reissued a “buy” rating and set a $9.00 price target on shares of Repay in a report on Tuesday, March 10th. Canaccord Genuity Group reduced their price target 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. Finally, Benchmark reduced their price target on shares of Repay from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 10th.

Hedge Funds Weigh In On Repay

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Repay by 3.5% during the third quarter. American Century Companies Inc. now owns 6,667,792 shares of the company’s stock valued at $34,873,000 after acquiring an additional 227,349 shares during the period. Private Management Group Inc. boosted its holdings 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 acquiring an additional 1,263,399 shares during the period. Sunriver Management LLC boosted its holdings 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 acquiring an additional 433,524 shares during the period. Whetstone Capital Advisors LLC boosted its holdings in shares of Repay by 1,832.1% during the fourth quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company’s stock valued at $9,959,000 after acquiring an additional 2,587,400 shares during the period. Finally, Portolan Capital Management LLC acquired a new position in shares of Repay during the third quarter valued at $11,417,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Up 13.3%

RPAY stock opened at $2.72 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. Repay has a 1-year low of $2.30 and a 1-year high of $6.05. The firm has a fifty day moving average price of $2.97 and a two-hundred day moving average price of $3.65. The firm has a market cap of $247.98 million, a price-to-earnings ratio of -0.90 and a beta of 1.60.

Repay (NASDAQ:RPAY) last released its 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). Repay had a negative net margin of 83.01% and a positive return on equity of 9.30%. The business had revenue of $78.59 million for the quarter, compared to the consensus estimate of $76.79 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts predict that Repay will post 0.72 EPS 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.