Repay Holdings Co. (NASDAQ:RPAY) Receives Average Rating of "Hold" from Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) have earned an average recommendation of "Hold" from the thirteen analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $10.50.

Several research firms have recently commented on RPAY. Benchmark restated a "buy" rating and set a $13.00 price target on shares of Repay in a report on Friday, May 24th. Keefe, Bruyette & Woods raised their price target on Repay from $8.50 to $9.50 and gave the stock a "market perform" rating in a research note on Monday, March 4th. DA Davidson reissued a "buy" rating and issued a $16.00 price target on shares of Repay in a research note on Tuesday, April 30th. Truist Financial reaffirmed a "buy" rating and set a $13.00 price objective (up previously from $10.00) on shares of Repay in a research report on Monday, March 4th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 target price on shares of Repay in a research report on Friday, May 10th.

Institutional Trading of Repay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its position in shares of Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company's stock valued at $164,000 after buying an additional 1,174 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Repay by 6.6% during the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company's stock worth $220,000 after purchasing an additional 1,232 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Repay by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 52,819 shares of the company's stock valued at $451,000 after purchasing an additional 2,057 shares during the period. Simplicity Solutions LLC raised its stake in shares of Repay by 17.4% in the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company's stock valued at $158,000 after purchasing an additional 2,744 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Repay by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company's stock valued at $264,000 after acquiring an additional 3,661 shares during the period. Institutional investors and hedge funds own 82.73% of the company's stock.

Repay Stock Down 1.8 %

Repay stock traded down $0.19 during mid-day trading on Friday, hitting $10.50. The company's stock had a trading volume of 1,324,249 shares, compared to its average volume of 505,981. Repay has a 52-week low of $5.63 and a 52-week high of $11.27. The company has a market cap of $1.07 billion, a PE ratio of -10.71 and a beta of 1.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44. The firm's 50 day moving average is $10.19 and its 200 day moving average is $9.33.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $80.72 million during the quarter, compared to analysts' expectations of $80.24 million. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. On average, analysts anticipate that Repay will post 0.72 earnings per share for the current year.

Repay Company Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.