Repay Holdings Corporation (NASDAQ:RPAY) Receives Average Rating of “Hold” from Analysts

Repay Holdings Corporation (NASDAQ:RPAY) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.25.

Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $6.00 target price on shares of Repay in a report on Wednesday, July 15th. Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Canaccord Genuity Group reissued a “buy” rating and issued a $8.00 target price on shares of Repay in a report on Wednesday, August 19th. Finally, UBS Group boosted their price target on shares of Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd.

Repay Stock Performance

RPAY stock opened at $3.88 on Tuesday. Repay has a 1-year low of $2.30 and a 1-year high of $6.00. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.45 and a quick ratio of 1.43. The company has a market capitalization of $369.18 million, a price-to-earnings ratio of -1.90 and a beta of 1.83. The business has a 50 day simple moving average of $3.91 and a two-hundred day simple moving average of $3.48.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. The company had revenue of $100.71 million for the quarter, compared to the consensus estimate of $101.86 million. Research analysts anticipate that Repay will post 0.88 EPS for the current fiscal year.

Institutional Trading of Repay

Hedge funds have recently made changes to their positions in the business. Private Management Group Inc. grew its position in Repay by 30.5% in the fourth quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock worth $19,756,000 after acquiring an additional 1,263,399 shares in the last quarter. Sunriver Management LLC raised its position in 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 purchasing an additional 433,524 shares during the period. Whetstone Capital Advisors LLC lifted its stake in shares of Repay by 1,832.1% in the 4th quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company’s stock valued at $9,959,000 after purchasing an additional 2,587,400 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Repay by 24.6% in the 1st quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock worth $12,065,000 after purchasing an additional 428,289 shares during the period. Finally, Kent Lake PR LLC bought a new position in shares of Repay during the 2nd quarter valued at approximately $7,230,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

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.