Analysts Set Repay Holdings Corporation (NASDAQ:RPAY) PT at $5.54

Repay Holdings Corporation (NASDAQ:RPAY) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $5.5357.

A number of analysts have weighed in on the company. 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 note on Monday, March 16th. Weiss Ratings raised shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. Morgan Stanley lowered their price objective on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a research report on Tuesday, March 10th. UBS Group lifted their price target on shares of Repay from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Benchmark dropped their price objective on Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th.

Institutional Investors Weigh In On Repay

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of Repay by 24.6% during the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock valued at $12,065,000 after buying an additional 428,289 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Repay by 4.6% during the 1st quarter. Empowered Funds LLC now owns 497,625 shares of the company’s stock worth $2,772,000 after acquiring an additional 21,807 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Repay by 57.6% during the 1st quarter. Jane Street Group LLC now owns 95,979 shares of the company’s stock worth $535,000 after acquiring an additional 35,068 shares in the last quarter. Creative Planning lifted its position in Repay by 13.0% during the second quarter. Creative Planning now owns 64,340 shares of the company’s stock valued at $310,000 after acquiring an additional 7,381 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Repay by 31.5% in the second quarter. Rhumbline Advisers now owns 174,531 shares of the company’s stock worth $841,000 after purchasing an additional 41,816 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

Repay Stock Up 0.8%

Shares of RPAY opened at $3.78 on Friday. Repay has a 12-month low of $2.30 and a 12-month high of $6.05. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $358.95 million, a PE ratio of -1.24 and a beta of 1.88. The business’s 50 day moving average is $3.28 and its 200 day moving average is $3.34.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, May 4th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%.The business had revenue of $80.79 million during the quarter, compared to analysts’ expectations of $80.48 million. Research analysts expect that Repay will post 0.73 earnings per share for the current fiscal 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.