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

Shares of Repay Holdings Co. (NASDAQ:RPAY) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.33.

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. DA Davidson restated a “buy” rating and issued a $16.00 target price on shares of Repay in a research note on Tuesday, July 9th. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price objective on shares of Repay in a research note on Wednesday, July 3rd.

Repay Price Performance

Shares of Repay stock opened at $7.86 on Friday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. Repay has a 52-week low of $5.63 and a 52-week high of $11.27. The stock has a 50-day simple moving average of $8.88 and a 200-day simple moving average of $9.74.

Repay (NASDAQ:RPAY) last posted its earnings results on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The firm had revenue of $74.91 million during the quarter, compared to analyst estimates of $76.28 million. During the same period in the previous year, the company earned $0.14 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Repay will post 0.73 EPS for the current fiscal year.

Insider Activity at Repay

In related news, EVP Jacob Hamilton Moore sold 7,198 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $8.18, for a total value of $58,879.64. Following the transaction, the executive vice president now owns 140,130 shares in the company, valued at $1,146,263.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Repay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunriver Management LLC boosted its holdings in Repay by 15.4% during the fourth quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock worth $38,240,000 after buying an additional 597,059 shares during the last quarter. CenterBook Partners LP raised its position in shares of Repay by 25.8% during the fourth quarter. CenterBook Partners LP now owns 688,703 shares of the company’s stock worth $5,882,000 after purchasing an additional 141,414 shares during the period. G2 Investment Partners Management LLC acquired a new stake in shares of Repay during the fourth quarter worth about $7,303,000. Azora Capital LP raised its position in shares of Repay by 24.9% during the fourth quarter. Azora Capital LP now owns 2,701,300 shares of the company’s stock worth $23,069,000 after purchasing an additional 538,893 shares during the period. Finally, Sei Investments Co. raised its position in shares of Repay by 30.1% during the first quarter. Sei Investments Co. now owns 259,588 shares of the company’s stock worth $2,855,000 after purchasing an additional 60,018 shares during the period. Institutional investors 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.