Repay Holdings Corporation (NASDAQ:RPAY) Receives $6.92 Consensus Target Price from Analysts

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have been given an average rating of “Hold” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.9167.

A number of equities analysts have commented on RPAY shares. Benchmark reissued a “buy” rating on shares of Repay in a report on Friday, November 14th. Morgan Stanley reduced their price objective on Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Wall Street Zen lowered Repay from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. UBS Group lowered their target price on shares of Repay from $5.75 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price target on shares of Repay in a research note on Tuesday, November 11th.

Repay Stock Down 0.6%

RPAY stock opened at $3.14 on Friday. Repay has a 52 week low of $2.80 and a 52 week high of $7.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $3.52 and a 200-day simple moving average of $4.32. The stock has a market capitalization of $286.84 million, a P/E ratio of -2.29 and a beta of 1.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Repay in the third quarter valued at approximately $26,000. Jain Global LLC acquired a new position in Repay during the fourth quarter worth $40,000. Focus Partners Advisor Solutions LLC purchased a new stake in Repay in the 2nd quarter valued at $49,000. EverSource Wealth Advisors LLC increased its stake in shares of Repay by 224.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after acquiring an additional 7,217 shares during the last quarter. Finally, Spire Wealth Management increased its stake in shares of Repay by 44.2% in the 2nd quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock worth $53,000 after acquiring an additional 3,360 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.