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

by · The Cerbat Gem

Repay Holdings Co. (NASDAQ:RPAY – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.75.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Repay in a report on Wednesday, July 3rd. Barclays cut their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Wednesday, September 25th. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Repay in a research report on Tuesday, July 9th.

Read Our Latest Report on RPAY

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 7,198 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $8.18, for a total value of $58,879.64. Following the sale, the executive vice president now directly owns 140,130 shares of the company’s stock, valued at $1,146,263.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 269,524 shares of company stock valued at $2,222,784. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in shares of Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after purchasing an additional 1,174 shares during the period. Bleakley Financial Group LLC raised its position in shares of Repay by 6.6% during the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after buying an additional 1,232 shares in the last quarter. CWM LLC lifted its stake in shares of Repay by 2.8% in the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after acquiring an additional 1,462 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Repay by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock valued at $451,000 after acquiring an additional 2,057 shares in the last quarter. Finally, Diversified Trust Co increased its stake in shares of Repay by 15.5% during the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after acquiring an additional 2,391 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Stock Performance

NASDAQ:RPAY opened at $7.86 on Tuesday. The firm has a 50-day moving average of $8.40 and a two-hundred day moving average of $9.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.83 and a quick ratio of 3.83. The stock has a market cap of $798.81 million, a P/E ratio of -8.02 and a beta of 1.44. Repay has a 1-year low of $5.63 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The firm had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Repay’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Repay will post 0.73 earnings per share for the current fiscal year.

Repay Company Profile

(Get Free Report

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.

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