Repay Holdings Corporation (NASDAQ:RPAY) Stock Has Consensus Target Price of $5.25

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

RPAY has been the subject of several recent research reports. Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Repay in a research note on Wednesday, July 15th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $8.00 price objective on shares of Repay in a research report on Friday, October 16th.

Repay Stock Up 1.9%

RPAY opened at $4.29 on Wednesday. The business has a 50 day moving average price of $3.87 and a two-hundred day moving average price of $3.56. Repay has a 52 week low of $2.30 and a 52 week high of $5.25.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data 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). The business had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.86 million. As a group, equities analysts expect that Repay will post 0.88 EPS for the current fiscal year.

Insider Activity at Repay

In other news, General Counsel Tyler Dempsey sold 8,392 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $4.00, for a total transaction of $33,568.00. Following the transaction, the general counsel directly owned 446,747 shares in the company, valued at $1,786,988. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 50,000 shares of company stock valued at $197,780. 12.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Repay

A number of hedge funds have recently added to or reduced their stakes in RPAY. HB Wealth Management LLC boosted its holdings in Repay by 4.6% in the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock valued at $203,000 after purchasing an additional 3,452 shares in the last quarter. Essential Partners LLC raised its stake in shares of Repay by 69.8% during the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after buying an additional 3,950 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Repay during the 4th quarter worth approximately $40,000. Krilogy Financial LLC purchased a new position in shares of Repay during the 1st quarter worth approximately $29,000. Finally, Caerus Investment Advisors LLC acquired a new stake in shares of Repay in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

About Repay

Repay Holdings Corporation, operating under the REPAY brand, is a payments technology company that provides integrated payment processing and accounts receivable solutions to businesses and organizations in specialized industries. Its platform is designed to help clients accept, manage and reconcile electronic payments through a range of digital and automated tools.

REPAY’s services include credit and debit card processing, ACH payments, electronic funds transfers, recurring payments, online and mobile payment acceptance, payment disbursements, invoicing and accounts receivable management.