Repay Holdings Co. (NASDAQ:RPAY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Repay Holdings Co. (NASDAQ:RPAY) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $10.31.

Several equities research analysts have issued reports on RPAY shares. Keefe, Bruyette & Woods lowered their price target on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Stephens reissued an “overweight” rating and set a $11.00 price objective on shares of Repay in a research report on Tuesday, March 4th. Canaccord Genuity Group cut their price target on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Barclays cut their price objective on shares of Repay from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, UBS Group decreased their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th.

Repay Price Performance

Shares of RPAY stock opened at $5.48 on Tuesday. The firm has a market capitalization of $534.23 million, a price-to-earnings ratio of -6.30 and a beta of 1.54. Repay has a 12-month low of $5.30 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 has a fifty day moving average of $6.80 and a 200-day moving average of $7.55.

Institutional Investors Weigh In On Repay

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in Repay during the fourth quarter worth about $27,000. R Squared Ltd acquired a new stake in shares of Repay during the 4th quarter worth $36,000. Blue Trust Inc. increased its position in shares of Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after purchasing an additional 2,077 shares during the period. Johnson Financial Group Inc. acquired a new position in Repay in the fourth quarter valued at about $47,000. Finally, Olympiad Research LP bought a new stake in Repay during the fourth quarter worth about $80,000. Institutional investors and hedge funds 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.