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

Repay Holdings Co. (NASDAQ:RPAY) has earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.25.

Several research analysts have weighed in on RPAY shares. Benchmark started coverage on Repay in a research report on Tuesday, February 13th. They issued a “buy” rating and a $10.00 price objective on the stock. Truist Financial reissued a “buy” rating and issued a $13.00 price objective (up previously from $10.00) on shares of Repay in a research report on Monday, March 4th. Barclays upped their price target on Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Friday, March 1st. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.00 price target on shares of Repay in a research report on Monday, March 4th.

Repay Stock Performance

Shares of NASDAQ:RPAY opened at $9.57 on Tuesday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.52. Repay has a 12-month low of $5.61 and a 12-month high of $11.22. The business’s 50 day moving average is $9.63 and its 200 day moving average is $8.12.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. The business had revenue of $75.99 million for the quarter, compared to analysts’ expectations of $69.94 million. As a group, equities analysts predict that Repay will post 0.73 EPS for the current fiscal year.

Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 58,275 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $11.03, for a total transaction of $642,773.25. Following the sale, the chief financial officer now directly owns 506,924 shares in the company, valued at approximately $5,591,371.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 116,019 shares of company stock worth $1,220,382. 19.23% of the stock is owned by company insiders.

Institutional Trading of Repay

A number of hedge funds and other institutional investors have recently made changes to their positions in RPAY. Advisor Group Holdings Inc. increased its stake in Repay by 42.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,884 shares of the company’s stock worth $62,000 after acquiring an additional 856 shares during the last quarter. Diversified Trust Co increased its stake in Repay by 10.5% in the 3rd quarter. Diversified Trust Co now owns 15,465 shares of the company’s stock worth $117,000 after acquiring an additional 1,474 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Repay by 0.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 370,424 shares of the company’s stock worth $2,900,000 after acquiring an additional 1,653 shares during the last quarter. Royal Bank of Canada increased its stake in Repay by 6.0% in the 3rd quarter. Royal Bank of Canada now owns 31,403 shares of the company’s stock worth $221,000 after acquiring an additional 1,787 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Repay by 13.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the company’s stock worth $124,000 after acquiring an additional 1,803 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

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.