Repay Holdings Corporation (NASDAQ:RPAY) Given Average Recommendation of “Strong Buy” by Brokerages

Repay Holdings Corporation (NASDAQ:RPAY) has received an average broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy rating.

Brokers have set a 12 month consensus target price of $15.67 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Repay an industry rank of 35 out of 255 based on the ratings given to related companies.

A number of equities analysts have commented on RPAY shares. Cantor Fitzgerald set a $16.00 price objective on shares of Repay and gave the stock a “buy” rating in a research report on Tuesday, October 15th. ValuEngine upgraded shares of Repay from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Zacks Investment Research downgraded shares of Repay from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Northland Securities reiterated a “buy” rating and set a $15.00 price target on shares of Repay in a research note on Friday, November 15th.

Shares of NASDAQ RPAY traded up $0.30 during mid-day trading on Friday, hitting $14.78. 408,092 shares of the company were exchanged, compared to its average volume of 442,338. The business’s 50 day moving average is $13.74. Repay has a 1-year low of $9.78 and a 1-year high of $14.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $570.95 million, a price-to-earnings ratio of -105.57 and a beta of -0.04.

Several institutional investors and hedge funds have recently bought and sold shares of RPAY. Tower Research Capital LLC TRC purchased a new stake in shares of Repay in the third quarter valued at approximately $102,000. California Public Employees Retirement System acquired a new stake in Repay in the third quarter valued at $187,000. 1492 Capital Management LLC purchased a new stake in shares of Repay during the 3rd quarter worth $746,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Repay during the 3rd quarter worth $1,272,000. Finally, Taylor Frigon Capital Management LLC purchased a new stake in shares of Repay during the 3rd quarter worth $1,967,000. 67.31% of the stock is owned by institutional investors and hedge funds.

About Repay

Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.

Further Reading: How is a price target determined?

Get a free copy of the Zacks research report on Repay (RPAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Repay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Repay and related companies with MarketBeat.com's FREE daily email newsletter.