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

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.31.

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, January 6th. Barclays cut their price objective on Repay from $11.00 to $9.00 and set an "overweight" rating for the company in a report on Monday, March 10th. UBS Group lowered their target price on Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Canaccord Genuity Group cut their price target on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, BMO Capital Markets lowered their price target on Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Tuesday, March 4th.

Repay Stock Down 7.4 %

Shares of NASDAQ RPAY traded down $0.44 during mid-day trading on Tuesday, reaching $5.48. The company had a trading volume of 441,463 shares, compared to its average volume of 795,256. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a market capitalization of $534.23 million, a price-to-earnings ratio of -6.30 and a beta of 1.54. The stock has a fifty day moving average of $6.83 and a two-hundred day moving average of $7.57. Repay has a 12-month low of $5.30 and a 12-month high of $11.27.

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Institutional Investors Weigh In On Repay

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in shares of Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after buying an additional 2,077 shares during the last quarter. Invesco Ltd. lifted its position in Repay by 1.4% during the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company's stock worth $1,216,000 after acquiring an additional 2,142 shares during the last quarter. Bailard Inc. boosted its holdings in Repay by 5.7% during the fourth quarter. Bailard Inc. now owns 42,600 shares of the company's stock valued at $325,000 after acquiring an additional 2,300 shares during the period. Quarry LP bought a new stake in Repay during the fourth quarter valued at about $27,000. Finally, Bfsg LLC grew its position in shares of Repay by 29.9% in the fourth quarter. Bfsg LLC now owns 16,660 shares of the company's stock valued at $127,000 after purchasing an additional 3,830 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

About Repay

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.