Repay Holdings Co. (NASDAQ:RPAY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Repay Holdings Co. (NASDAQ:RPAY) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.33.

A number of analysts recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. Keefe, Bruyette & Woods dropped their price target on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th.

Repay Price Performance

Repay stock opened at $7.62 on Monday. The stock has a 50-day moving average price of $7.69 and a two-hundred day moving average price of $8.08. Repay has a 12 month low of $7.15 and a 12 month high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same quarter last year, the business earned $0.16 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Repay will post 0.72 EPS for the current year.

Insider Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares in the last quarter. R Squared Ltd bought a new position in Repay during the 4th quarter valued at $36,000. nVerses Capital LLC purchased a new position in Repay during the third quarter worth about $59,000. Olympiad Research LP bought a new position in shares of Repay during the 4th quarter worth approximately $80,000. Finally, Point72 DIFC Ltd bought a new position in shares of Repay in the third quarter valued at approximately $99,000. 82.73% of the stock is owned by institutional investors.

About Repay

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.