Repay Holdings Co. (NASDAQ:RPAY) Given Average Recommendation of “Moderate Buy” by Analysts

Repay Holdings Co. (NASDAQ:RPAY) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.33.

RPAY has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their target price on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price target on shares of Repay in a report on Wednesday, November 13th.

Repay Price Performance

RPAY stock opened at $7.43 on Thursday. The stock’s fifty day moving average is $7.98 and its two-hundred day moving average is $8.35. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 1 year low of $7.04 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last posted 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. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same period in the previous year, the business posted $0.16 EPS. Repay’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Repay will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is currently owned by insiders.

Institutional Trading of Repay

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position in Repay by 8.0% in the second quarter. Rhumbline Advisers now owns 150,297 shares of the company’s stock worth $1,587,000 after buying an additional 11,172 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Repay by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after acquiring an additional 158,668 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Repay by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock worth $35,715,000 after purchasing an additional 45,656 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Repay by 5.9% during the second quarter. King Luther Capital Management Corp now owns 340,944 shares of the company’s stock valued at $3,600,000 after purchasing an additional 18,944 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Repay by 8.8% in the 2nd quarter. Sei Investments Co. now owns 282,337 shares of the company’s stock valued at $2,981,000 after purchasing an additional 22,749 shares during the period. 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.