Repay Holdings Co. (NASDAQ:RPAY) Receives $12.33 Consensus Target Price from Analysts

Repay Holdings Co. (NASDAQ:RPAY) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.33.

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Canaccord Genuity Group reiterated a “buy” rating and issued 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 business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Several institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP bought a new position in Repay during the third quarter valued at about $37,197,000. State Street Corp increased its holdings in shares of Repay by 1.1% during the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company’s stock valued at $18,578,000 after acquiring an additional 25,057 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Repay by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock valued at $16,298,000 after acquiring an additional 32,613 shares in the last quarter. River Road Asset Management LLC lifted its holdings in Repay by 89.9% in the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after purchasing an additional 895,429 shares during the last quarter. Finally, Private Management Group Inc. boosted its position in Repay by 71.6% during the fourth quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock worth $13,277,000 after purchasing an additional 726,058 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Price Performance

RPAY stock opened at $7.57 on Monday. Repay has a one year low of $7.15 and a one year high of $11.27. The firm has a 50-day moving average of $7.72 and a two-hundred day moving average of $8.11. The firm has a market capitalization of $739.06 million, a PE ratio of -8.70 and a beta of 1.43. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

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