Brokerages Set Repay Holdings Corporation (NASDAQ:RPAY) PT at $5.69

Repay Holdings Corporation (NASDAQ:RPAY) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.6944.

RPAY has been the subject of several recent analyst reports. Morgan Stanley dropped their target price on Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a research report on Tuesday, March 10th. Benchmark dropped their price objective on Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. DA Davidson reissued a “buy” rating and issued a $9.00 price objective on shares of Repay in a research note on Tuesday, March 10th. Finally, Canaccord Genuity Group dropped their price objective on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, March 16th.

Repay Stock Down 5.0%

Shares of NASDAQ:RPAY opened at $2.45 on Friday. Repay has a 1 year low of $2.39 and a 1 year high of $6.05. The business has a 50 day simple moving average of $3.01 and a two-hundred day simple moving average of $3.68. The firm has a market capitalization of $223.37 million, a PE ratio of -0.81 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in Repay during the third quarter worth $26,000. EverSource Wealth Advisors LLC lifted its holdings in Repay by 224.4% during the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after buying an additional 7,217 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Repay during the fourth quarter worth $40,000. Jain Global LLC purchased a new stake in Repay during the fourth quarter worth $40,000. Finally, Brighton Jones LLC purchased a new stake in Repay during the third quarter worth $61,000. 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.