Repay Holdings Co. (NASDAQ:RPAY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.33.

A number of brokerages have recently issued reports on RPAY. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods cut their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday.

Repay Stock Down 0.5 %

Repay stock opened at $7.50 on Thursday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $732.25 million, a price-to-earnings ratio of -8.62 and a beta of 1.42. The stock has a 50 day moving average of $8.03 and a two-hundred day moving average of $8.45. Repay has a twelve month low of $7.04 and a twelve month high of $11.27.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 earnings per share. As a group, research analysts expect that Repay will post 0.72 earnings per share for the current year.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, the chief financial officer now directly owns 450,879 shares in the company, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new position in shares of Repay in the third quarter valued at approximately $1,122,000. Villanova Investment Management Co LLC lifted its stake in shares of Repay by 71.7% during the 3rd quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock worth $2,297,000 after purchasing an additional 117,573 shares during the period. Barclays PLC boosted its holdings in shares of Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after purchasing an additional 1,427,078 shares during the last quarter. Millrace Asset Group Inc. grew its position in shares of Repay by 216.7% in the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock valued at $2,637,000 after purchasing an additional 221,102 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Repay in the second quarter valued at $1,365,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

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.