Analysts Set Repay Holdings Corporation (NASDAQ:RPAY) Price Target at $7.22

Repay Holdings Corporation (NASDAQ:RPAY) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $7.0278.

Several analysts have issued reports on RPAY shares. UBS Group lowered their target price on shares of Repay from $5.75 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday. Canaccord Genuity Group restated a “buy” rating and issued a $12.00 target price on shares of Repay in a research note on Tuesday. Morgan Stanley boosted their price objective on Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Repay in a research report on Wednesday, November 5th. Finally, DA Davidson restated a “buy” rating and set a $10.00 price objective on shares of Repay in a research report on Tuesday.

Repay Price Performance

Repay stock opened at $3.79 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.85. Repay has a one year low of $3.27 and a one year high of $9.75. The firm has a market capitalization of $346.18 million, a P/E ratio of -2.77 and a beta of 1.60. The business has a fifty day moving average price of $5.00 and a 200-day moving average price of $4.91.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Repay had a positive return on equity of 8.72% and a negative net margin of 39.08%.The business had revenue of $77.73 million for the quarter, compared to analysts’ expectations of $76.92 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts forecast that Repay will post 0.72 EPS for the current year.

Insider Buying and Selling at Repay

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $5.89, for a total transaction of $155,407.65. Following the transaction, the executive vice president directly owned 193,532 shares of the company’s stock, valued at approximately $1,139,903.48. This trade represents a 12.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RPAY. Pacific Ridge Capital Partners LLC bought a new stake in shares of Repay in the 3rd quarter worth approximately $3,229,000. Villanova Investment Management Co LLC raised its position in Repay by 43.3% in the 3rd quarter. Villanova Investment Management Co LLC now owns 595,148 shares of the company’s stock worth $3,113,000 after purchasing an additional 179,754 shares during the period. CenterBook Partners LP lifted its stake in Repay by 33.3% in the third quarter. CenterBook Partners LP now owns 967,089 shares of the company’s stock worth $5,058,000 after purchasing an additional 241,491 shares during the last quarter. Savant Capital LLC boosted its position in Repay by 178.6% during the third quarter. Savant Capital LLC now owns 76,483 shares of the company’s stock valued at $400,000 after buying an additional 49,032 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Repay by 16.7% during the third quarter. Principal Financial Group Inc. now owns 164,941 shares of the company’s stock valued at $863,000 after buying an additional 23,548 shares during the last quarter. 82.73% of the stock is owned by hedge funds and other 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.