Brokerages Set Repay Holdings Co. (NASDAQ:RPAY) Price Target at $12.83

Shares of Repay Holdings Co. (NASDAQ:RPAY) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.83.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a $13.00 target price on shares of Repay in a report on Wednesday, November 13th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Repay

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in Repay in the 3rd quarter valued at about $37,197,000. Millennium Management LLC lifted its holdings in Repay by 182.1% in the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after acquiring an additional 1,503,919 shares during the last quarter. Barclays PLC grew its position in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after acquiring an additional 1,427,078 shares during the period. Bank of Montreal Can grew its position in Repay by 8,811.5% in the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock worth $10,594,000 after acquiring an additional 1,286,917 shares during the period. Finally, River Road Asset Management LLC raised its position in Repay by 89.9% in the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after purchasing an additional 895,429 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Trading Down 1.4 %

Shares of NASDAQ:RPAY opened at $7.78 on Friday. The firm has a market capitalization of $759.58 million, a price-to-earnings ratio of -8.94 and a beta of 1.42. The business’s 50 day moving average price is $8.05 and its 200-day moving average price is $8.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. Repay has a 1 year low of $7.04 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. During the same quarter last year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Repay will post 0.72 earnings per share for the current fiscal year.

Repay Company Profile

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.