Repay Holdings Co. (NASDAQ:RPAY) Receives $12.29 Consensus Target Price from Brokerages

Repay Holdings Co. (NASDAQ:RPAY) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.29.

A number of research analysts have weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Wednesday, November 13th. Barclays lowered their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th.

Insider Buying and Selling

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the transaction, the executive vice president now owns 240,130 shares of the company’s stock, valued at $1,995,480.30. This represents a 46.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 269,524 shares of company stock valued at $2,222,784 over the last quarter. 11.00% of the stock is owned by company insiders.

Institutional Trading of Repay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in shares of Repay during the 3rd quarter worth approximately $37,197,000. Vanguard Group Inc. boosted its holdings in shares of Repay by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock worth $48,366,000 after buying an additional 32,554 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Repay by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock worth $35,715,000 after buying an additional 45,656 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Repay by 8.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after buying an additional 233,334 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Repay by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after buying an additional 158,668 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Up 0.2 %

Shares of NASDAQ:RPAY opened at $8.05 on Wednesday. Repay has a one year low of $7.04 and a one year high of $11.27. The company has a 50 day moving average of $8.07 and a 200-day moving average of $9.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock has a market cap of $785.95 million, a price-to-earnings ratio of -9.25 and a beta of 1.44.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting 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 firm earned $0.16 EPS. Repay’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Repay will post 0.74 earnings per share for the current year.

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.