Repay Holdings Co. (NASDAQ:RPAY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Repay Holdings Co. (NASDAQ:RPAY) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.83.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Wednesday, November 13th.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the 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 sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 11.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Repay

A number of institutional investors and hedge funds have recently modified their holdings of RPAY. Blue Trust Inc. lifted its holdings in Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after buying an additional 2,771 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Repay during the 3rd quarter worth about $59,000. Point72 DIFC Ltd purchased a new stake in Repay during the third quarter worth approximately $99,000. Entropy Technologies LP acquired a new position in Repay in the third quarter valued at approximately $109,000. Finally, Squarepoint Ops LLC purchased a new position in Repay in the second quarter valued at approximately $142,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Performance

Shares of RPAY stock opened at $7.78 on Friday. 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 market cap of $759.58 million, a P/E ratio of -8.94 and a beta of 1.42. The firm’s 50 day moving average price is $8.05 and its 200-day moving average price is $8.72. Repay has a one year low of $7.04 and a one year high of $11.27.

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