Repay Holdings Corporation (NASDAQ:RPAY) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Repay Holdings, with one sell, three hold and three buy recommendations. The average 12-month price target is $5.25, although targets range from $3.75 to $8.00.
• Repay shares opened at $3.59, down 4.0%, with a market capitalization of approximately $341.6 million. The stock has traded between $2.30 and $6.05 over the past year.
• The company slightly missed quarterly expectations, reporting adjusted earnings of $0.20 per share versus the $0.21 consensus and revenue of $100.71 million versus $101.86 million expected; institutional investors own 82.73% of the shares.

Shares of Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.25.

A number of brokerages recently issued reports on RPAY. UBS Group raised their price objective on Repay from $3.75 to $4.25 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Canaccord Genuity Group reiterated a "buy" rating and set a $8.00 price target on shares of Repay in a research report on Wednesday, August 19th. Weiss Ratings raised shares of Repay from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, August 20th. DA Davidson reaffirmed a "buy" rating and set a $6.00 price objective on shares of Repay in a research report on Wednesday, July 15th. Finally, Stephens lowered 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.

Repay Trading Down 4.0%

Shares of Repay stock opened at $3.59 on Tuesday. The firm has a market capitalization of $341.59 million, a price-to-earnings ratio of -1.76 and a beta of 1.83. Repay has a fifty-two week low of $2.30 and a fifty-two week high of $6.05. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a 50 day moving average of $3.87 and a 200 day moving average of $3.46.

Repay (NASDAQ:RPAY - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. The business had revenue of $100.71 million during the quarter, compared to analysts' expectations of $101.86 million. As a group, research analysts predict that Repay will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Repay

Institutional investors have recently modified their holdings of the company. HB Wealth Management LLC lifted its stake in Repay by 4.6% during the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company's stock worth $203,000 after acquiring an additional 3,452 shares in the last quarter. Essential Partners LLC boosted its holdings in Repay by 69.8% during the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company's stock valued at $25,000 after acquiring an additional 3,950 shares during the period. Quarry LP acquired a new position in Repay in the 3rd quarter valued at about $26,000. Blair William & Co. IL grew its position in Repay by 18.5% in the 4th quarter. Blair William & Co. IL now owns 41,044 shares of the company's stock valued at $150,000 after acquiring an additional 6,409 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in Repay by 56.2% during the third quarter. Merit Financial Group LLC now owns 19,551 shares of the company's stock worth $102,000 after purchasing an additional 7,036 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

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.

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