Repay Holdings Corporation (NASDAQ:RPAY) Receives $5.32 Average Target Price from Brokerages

Repay Holdings Corporation (NASDAQ:RPAY) has received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.3214.

A number of equities research analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and set a $6.00 target price on shares of Repay in a research report on Wednesday. Stephens downgraded shares of Repay from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $7.00 to $3.75 in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. Finally, UBS Group boosted their price target on shares of Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RPAY. Essential Partners LLC grew its stake in shares of Repay by 69.8% during the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after purchasing an additional 3,950 shares during the period. Quarry LP acquired a new position in shares of Repay during the 3rd quarter worth about $26,000. Krilogy Financial LLC bought a new stake in shares of Repay in the 1st quarter valued at about $29,000. Caerus Investment Advisors LLC acquired a new stake in shares of Repay in the 1st quarter valued at approximately $31,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Repay in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Performance

Shares of Repay stock opened at $4.09 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $388.38 million, a P/E ratio of -1.34 and a beta of 1.83. The firm has a 50 day simple moving average of $3.64 and a 200 day simple moving average of $3.39. Repay has a fifty-two week low of $2.30 and a fifty-two week high of $6.05.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $80.79 million for the quarter, compared to the consensus estimate of $80.48 million. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%. Sell-side analysts predict that Repay will post 0.66 earnings per share for the current fiscal year.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.