Repay Holdings Corporation (NASDAQ:RPAY) Given Average Rating of “Hold” by Analysts

Repay Holdings Corporation (NASDAQ:RPAY) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.3214.

Several research analysts recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and set a $6.00 target price on shares of Repay in a research report on Wednesday, June 3rd. Benchmark reduced their target price on Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Canaccord Genuity Group reduced their target price on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Finally, Morgan Stanley reduced their target price on Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Tuesday, March 10th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC acquired a new position in shares of Repay during the third quarter valued at approximately $3,229,000. Portolan Capital Management LLC acquired a new position in shares of Repay during the third quarter valued at approximately $11,417,000. CenterBook Partners LP raised its holdings in shares of Repay by 33.3% during the third quarter. CenterBook Partners LP now owns 967,089 shares of the company’s stock valued at $5,058,000 after acquiring an additional 241,491 shares during the last quarter. Villanova Investment Management Co LLC raised its holdings in shares of Repay by 43.3% during the third quarter. Villanova Investment Management Co LLC now owns 595,148 shares of the company’s stock valued at $3,113,000 after acquiring an additional 179,754 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Repay by 3.5% during the third quarter. American Century Companies Inc. now owns 6,667,792 shares of the company’s stock valued at $34,873,000 after acquiring an additional 227,349 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Price Performance

RPAY opened at $3.26 on Thursday. The business has a fifty day moving average of $3.55 and a 200 day moving average of $3.35. Repay has a 52-week low of $2.30 and a 52-week high of $6.05. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The stock has a market cap of $309.57 million, a P/E ratio of -1.07 and a beta of 1.86.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, May 4th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $80.79 million during the quarter, compared to analyst estimates of $80.48 million. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%. As a group, sell-side analysts anticipate that Repay will post 0.69 EPS for the current year.

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.