Brokerages Set Repay Holdings Co. (NASDAQ:RPAY) Target Price at $12.33

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $12.33.

RPAY has been the subject of several recent research reports. Canaccord Genuity Group reiterated a "buy" rating and issued a $13.00 price target on shares of Repay in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods reduced their target price on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Monday.

Repay Stock Performance

Repay stock traded down $0.04 during midday trading on Thursday, reaching $7.50. The stock had a trading volume of 348,832 shares, compared to its average volume of 370,506. The firm has a market capitalization of $732.25 million, a PE ratio of -8.62 and a beta of 1.42. Repay has a 12 month low of $7.04 and a 12 month high of $11.27. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm's 50-day moving average price is $8.02 and its 200 day moving average price is $8.45.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly 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. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts predict that Repay will post 0.72 earnings per share for the current fiscal year.

Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now owns 450,879 shares in the company, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Repay

A number of hedge funds have recently made changes to their positions in RPAY. Wellington Management Group LLP bought a new position in Repay during the 3rd quarter worth approximately $37,197,000. Millennium Management LLC boosted its stake in shares of Repay by 182.1% during the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company's stock valued at $24,601,000 after purchasing an additional 1,503,919 shares during the period. Barclays PLC grew its holdings in shares of Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company's stock worth $12,134,000 after purchasing an additional 1,427,078 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Repay by 8,811.5% in the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company's stock worth $10,594,000 after buying an additional 1,286,917 shares during the period. Finally, River Road Asset Management LLC raised its holdings in Repay by 89.9% during the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company's stock valued at $15,431,000 after buying an additional 895,429 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

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.