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

Repay Holdings Co. (NASDAQ:RPAY) has earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.50.

RPAY has been the topic of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Friday, May 10th. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Repay in a research note on Tuesday, April 30th. Benchmark restated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Friday, May 24th. Keefe, Bruyette & Woods lifted their price target on shares of Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research report on Monday, March 4th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $13.00 price objective (up from $10.00) on shares of Repay in a research note on Monday, March 4th.

Repay Trading Down 0.7 %

Shares of Repay stock opened at $10.56 on Friday. Repay has a one year low of $5.63 and a one year high of $11.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44. The firm has a fifty day moving average of $10.30 and a two-hundred day moving average of $9.42.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. The firm had revenue of $80.72 million during the quarter, compared to analysts’ expectations of $80.24 million. As a group, equities research analysts forecast that Repay will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RPAY. Swiss National Bank lifted its position in Repay by 3.6% during the third quarter. Swiss National Bank now owns 173,283 shares of the company’s stock worth $1,315,000 after buying an additional 6,000 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Repay by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,550 shares of the company’s stock worth $4,513,000 after acquiring an additional 16,063 shares during the period. Hsbc Holdings PLC boosted its position in shares of Repay by 19.7% in the third quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock worth $171,000 after acquiring an additional 3,669 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Repay in the third quarter valued at approximately $1,783,000. Finally, American Century Companies Inc. purchased a new position in Repay during the third quarter worth approximately $8,492,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

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.