Repay Holdings Co. (NASDAQ:RPAY) Receives $12.29 Average PT from Analysts

Shares of Repay Holdings Co. (NASDAQ:RPAY) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.29.

Several research firms have recently weighed in on RPAY. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price objective on shares of Repay in a report 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 research report on Monday, August 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th.

Repay Trading Down 1.5 %

Shares of NASDAQ:RPAY opened at $8.08 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The firm has a 50 day simple moving average of $8.07 and a 200-day simple moving average of $8.95. Repay has a twelve month low of $7.04 and a twelve month high of $11.27.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. During the same quarter last year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Repay will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the transaction, the executive vice president now directly owns 240,130 shares of the company’s stock, valued at $1,995,480.30. This represents a 46.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 269,524 shares of company stock worth $2,222,784. Company insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

A number of institutional investors have recently added to or reduced their stakes in RPAY. Blue Trust Inc. lifted its position in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares during the period. nVerses Capital LLC purchased a new position in Repay in the 3rd quarter valued at approximately $59,000. Point72 DIFC Ltd acquired a new position in Repay during the third quarter worth $99,000. Entropy Technologies LP purchased a new stake in Repay during the third quarter worth $109,000. Finally, Creative Planning acquired a new stake in Repay in the third quarter valued at $115,000. 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.