Repay Holdings Corporation (NASDAQ:RPAY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.25.

RPAY has been the topic of several research analyst reports. UBS Group increased their target price on shares of Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Stephens downgraded Repay from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $7.00 to $3.75 in a report on Tuesday, May 5th. DA Davidson reiterated a “buy” rating and issued a $6.00 price objective on shares of Repay in a research note on Wednesday, July 15th. Finally, Weiss Ratings lowered Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Repay by 76.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,089,241 shares of the company’s stock worth $3,976,000 after acquiring an additional 471,767 shares during the period. Private Management Group Inc. grew its holdings in Repay by 30.5% during the 4th quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock valued at $19,756,000 after buying an additional 1,263,399 shares in the last quarter. Whetstone Capital Advisors LLC increased its position in shares of Repay by 1,832.1% during the fourth quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company’s stock valued at $9,959,000 after buying an additional 2,587,400 shares during the period. HB Wealth Management LLC increased its position in shares of Repay by 4.6% during the first quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock valued at $203,000 after buying an additional 3,452 shares during the period. Finally, Inspire Investing LLC lifted its holdings in shares of Repay by 45.2% in the first quarter. Inspire Investing LLC now owns 187,443 shares of the company’s stock worth $487,000 after buying an additional 58,317 shares in the last quarter. Institutional investors own 82.73% of the company’s stock.

Repay Trading Up 1.9%

RPAY opened at $3.83 on Friday. 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 company has a fifty day moving average of $3.78 and a 200-day moving average of $3.44. Repay has a twelve month low of $2.30 and a twelve month high of $6.05. The stock has a market cap of $363.70 million, a PE ratio of -1.88 and a beta of 1.83.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.86 million. Repay had a negative net margin of 49.57% and a positive return on equity of 10.73%. On average, sell-side analysts predict that Repay will post 0.66 EPS for the current year.

About Repay

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.