Repay Holdings Corporation (NASDAQ:RPAY) Receives $6.92 Consensus Price Target from Analysts

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $6.9167.

Several research firms have weighed in on RPAY. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $12.00 price target on shares of Repay in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Repay in a research report on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of Repay in a research note on Friday, November 14th. UBS Group reduced their price objective on Repay from $5.75 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Finally, Morgan Stanley decreased their price objective on Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RPAY. American Century Companies Inc. increased its position 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 worth $34,873,000 after acquiring an additional 227,349 shares in the last quarter. Private Management Group Inc. boosted its stake in Repay by 57.3% during the 2nd quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock valued at $20,124,000 after purchasing an additional 1,520,432 shares during the last quarter. Sunriver Management LLC increased its holdings in Repay by 5.6% during the 3rd quarter. Sunriver Management LLC now owns 3,928,000 shares of the company’s stock worth $20,543,000 after purchasing an additional 209,348 shares in the last quarter. Portolan Capital Management LLC purchased a new stake in shares of Repay in the third quarter worth approximately $11,417,000. Finally, Millennium Management LLC lifted its holdings in shares of Repay by 24.6% in the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock valued at $12,065,000 after purchasing an additional 428,289 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

Repay Price Performance

Shares of RPAY opened at $3.58 on Monday. The firm has a market cap of $327.03 million, a PE ratio of -2.61 and a beta of 1.64. Repay has a 52-week low of $2.97 and a 52-week high of $7.84. The business’s 50 day moving average price is $3.53 and its two-hundred day moving average price is $4.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Monday, November 10th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $77.73 million during the quarter, compared to analyst estimates of $76.92 million. During the same quarter in the previous year, the business posted $0.23 EPS. Repay’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate 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.