Repay Holdings Corporation (NASDAQ:RPAY) Receives $6.41 Average PT from Analysts

Repay Holdings Corporation (NASDAQ:RPAY) has earned an average rating of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $6.1389.

Several research analysts recently issued reports on the stock. Benchmark reduced their price target on shares of Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley dropped their target price on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Tuesday. UBS Group reduced their target price on shares of Repay from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. Finally, DA Davidson reissued a “buy” rating and issued a $9.00 price target on shares of Repay in a report on Tuesday.

Repay Trading Down 4.6%

Shares of RPAY opened at $2.71 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market cap of $247.56 million, a price-to-earnings ratio of -0.89 and a beta of 1.64. The stock has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $4.06. Repay has a 52-week low of $2.69 and a 52-week high of $6.05.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, March 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Repay had a positive return on equity of 9.30% and a negative net margin of 83.01%.The business had revenue of $78.59 million for the quarter, compared to the consensus estimate of $76.79 million. During the same quarter in the previous year, the company posted $0.24 EPS. Repay’s revenue for the quarter was up .4% on a year-over-year basis. Analysts predict that Repay will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Repay

A number of institutional investors and hedge funds have recently made changes to their positions in RPAY. Pacific Ridge Capital Partners LLC acquired a new stake in Repay in the third quarter worth about $3,229,000. American Century Companies Inc. lifted its position in Repay by 45.5% during the 2nd quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock valued at $31,043,000 after purchasing an additional 2,013,128 shares during the period. Villanova Investment Management Co LLC boosted its stake in shares of Repay by 221.8% in the 2nd quarter. Villanova Investment Management Co LLC now owns 415,394 shares of the company’s stock valued at $2,002,000 after purchasing an additional 286,295 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of Repay by 57.3% in the 2nd quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock valued at $20,124,000 after purchasing an additional 1,520,432 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Repay by 151.3% during the 2nd quarter. Squarepoint Ops LLC now owns 258,258 shares of the company’s stock worth $1,245,000 after buying an additional 155,509 shares during the period. Institutional investors own 82.73% of the company’s stock.

Repay Company Profile

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.