Repay Holdings Co. (NASDAQ:RPAY) Receives $12.29 Consensus PT from Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) have been given an average rating of "Moderate Buy" by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.29.

Several equities research analysts recently issued reports on RPAY shares. Canaccord Genuity Group restated a "buy" rating and set a $13.00 price objective on shares of Repay in a research report on Wednesday, November 13th. Barclays decreased their price target on shares of Repay from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Finally, Benchmark reiterated a "buy" rating and issued a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th.

Repay Price Performance

Shares of RPAY stock remained flat at $7.89 during trading hours on Wednesday. 99,698 shares of the stock were exchanged, compared to its average volume of 832,918. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The firm has a market capitalization of $771.25 million, a price-to-earnings ratio of -9.07 and a beta of 1.44. Repay has a twelve month low of $7.04 and a twelve month high of $11.27. The firm has a fifty day moving average of $8.06 and a two-hundred day moving average of $9.05.

Repay (NASDAQ:RPAY - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Research analysts expect that Repay will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 7,198 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $8.18, for a total transaction of $58,879.64. Following the transaction, the executive vice president now directly owns 140,130 shares of the company's stock, valued at $1,146,263.40. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is owned by corporate insiders.

Institutional Trading of Repay

Several large investors have recently made changes to their positions in RPAY. Geode Capital Management LLC boosted its position in Repay by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company's stock worth $16,298,000 after purchasing an additional 32,613 shares during the period. Aequim Alternative Investments LP lifted its stake in shares of Repay by 640.7% in the third quarter. Aequim Alternative Investments LP now owns 578,484 shares of the company's stock worth $4,720,000 after buying an additional 500,384 shares during the last quarter. Barclays PLC boosted its holdings in shares of Repay by 2,382.5% during the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company's stock worth $12,134,000 after buying an additional 1,427,078 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Repay in the 3rd quarter valued at $208,000. Finally, Villanova Investment Management Co LLC grew its stake in Repay by 71.7% in the 3rd quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company's stock valued at $2,297,000 after buying an additional 117,573 shares during the last quarter. Institutional investors own 82.73% of the company's stock.

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.