Brokerages Set Repay Holdings Corporation (NASDAQ:RPAY) PT at $5.25

Repay Holdings Corporation (NASDAQ:RPAY) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.25.

Several research firms have recently commented on RPAY. UBS Group increased their price target on shares of Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. DA Davidson reissued a “buy” rating and set a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $8.00 price objective on shares of Repay in a research report on Wednesday, August 19th.

Repay Price Performance

RPAY stock opened at $3.88 on Tuesday. The firm has a 50 day moving average of $3.90 and a 200-day moving average of $3.48. Repay has a 12-month low of $2.30 and a 12-month high of $6.00. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. The company has a market cap of $369.18 million, a price-to-earnings ratio of -1.90 and a beta of 1.83.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%.The firm had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.86 million. As a group, equities analysts expect that Repay will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in shares of Repay by 24.6% during the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock worth $12,065,000 after buying an additional 428,289 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Repay by 4.6% during the first quarter. Empowered Funds LLC now owns 497,625 shares of the company’s stock valued at $2,772,000 after buying an additional 21,807 shares during the period. Jane Street Group LLC lifted its stake in shares of Repay by 57.6% during the first quarter. Jane Street Group LLC now owns 95,979 shares of the company’s stock valued at $535,000 after buying an additional 35,068 shares during the period. Creative Planning boosted its position in Repay by 13.0% during the second quarter. Creative Planning now owns 64,340 shares of the company’s stock worth $310,000 after acquiring an additional 7,381 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Repay by 31.5% during the second quarter. Rhumbline Advisers now owns 174,531 shares of the company’s stock worth $841,000 after acquiring an additional 41,816 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

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.