Repay Holdings Co. (NASDAQ:RPAY) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five 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 $12.29.

RPAY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $11.00 target price on shares of Repay in a research report on Wednesday, July 3rd. DA Davidson reaffirmed a "buy" rating and set a $16.00 target price on shares of Repay in a research note on Tuesday, July 9th. Barclays dropped their price target on shares of Repay from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Monday, August 12th. Benchmark restated a "buy" rating and issued a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $13.00 target price on shares of Repay in a report on Wednesday, September 25th.

Insider Buying and Selling at Repay

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of the business's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the completion of the transaction, the executive vice president now directly owns 240,130 shares of the company's stock, valued at $1,995,480.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 269,524 shares of company stock valued at $2,222,784 in the last 90 days. Company insiders own 11.00% of the company's stock.

Institutional Investors Weigh In On Repay

A number of hedge funds and other institutional investors have recently modified their holdings of RPAY. Blue Trust Inc. increased its holdings in Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company's stock valued at $29,000 after buying an additional 2,771 shares during the last quarter. nVerses Capital LLC acquired a new position in Repay in the third quarter valued at approximately $59,000. Creative Planning purchased a new position in Repay in the third quarter valued at approximately $115,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Repay during the third quarter worth approximately $126,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Repay during the 2nd quarter worth approximately $142,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Price Performance

Shares of Repay stock traded up $0.13 during mid-day trading on Friday, reaching $7.74. 589,688 shares of the stock traded hands, compared to its average volume of 848,170. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $8.11 and a 200 day moving average of $9.26. The stock has a market capitalization of $786.62 million, a PE ratio of -7.90 and a beta of 1.44. Repay has a fifty-two week low of $5.78 and a fifty-two week high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $74.91 million for the quarter, compared to analyst estimates of $76.28 million. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. On average, analysts predict that Repay will post 0.73 EPS 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.