Repay Holdings Co. (NASDAQ:RPAY) Receives $12.33 Consensus Target Price from Analysts

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.33.

Several research analysts have commented on RPAY shares. Keefe, Bruyette & Woods cut their target price on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, January 6th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $13.00 price objective on shares of Repay in a research note on Wednesday, November 13th.

Insider Activity

In related news, CFO Timothy John Murphy sold 57,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.00% of the company's stock.

Institutional Investors Weigh In On Repay

Several hedge funds have recently added to or reduced their stakes in RPAY. Blue Trust Inc. raised its holdings in shares of Repay by 340.0% during the 3rd 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 in the last quarter. R Squared Ltd bought a new position in Repay during the fourth quarter valued at approximately $36,000. nVerses Capital LLC purchased a new position in shares of Repay during the third quarter worth approximately $59,000. Olympiad Research LP bought a new stake in shares of Repay in the 4th quarter worth approximately $80,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Repay in the 3rd quarter valued at $99,000. Institutional investors own 82.73% of the company's stock.

Repay Stock Performance

Shares of NASDAQ RPAY traded up $0.06 during midday trading on Monday, hitting $7.63. The company's stock had a trading volume of 453,238 shares, compared to its average volume of 413,268. The firm has a market capitalization of $744.92 million, a price-to-earnings ratio of -8.77 and a beta of 1.43. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $7.71 and a 200 day moving average price of $8.11. Repay has a one year low of $7.15 and a one year high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. The business had revenue of $79.15 million for the quarter, compared to analysts' expectations of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, research analysts forecast that Repay will post 0.72 EPS for the current fiscal 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.