Analysts Set Repay Holdings Co. (NASDAQ:RPAY) Price Target at $10.25

Shares of Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) have been assigned an average recommendation of "Hold" from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $10.25.

A number of research firms have recently weighed in on RPAY. Barclays lifted their price target on Repay from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Tuesday, January 16th. DA Davidson restated a "buy" rating and set a $16.00 price target on shares of Repay in a report on Monday, March 4th. Canaccord Genuity Group restated a "buy" rating and set a $13.00 price target on shares of Repay in a report on Friday, March 1st. Keefe, Bruyette & Woods upped their price target on shares of Repay from $8.50 to $9.50 and gave the company a "market perform" rating in a report on Monday, March 4th. Finally, Benchmark assumed coverage on shares of Repay in a research note on Tuesday, February 13th. They issued a "buy" rating and a $10.00 target price for the company.

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 58,275 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $11.03, for a total value of $642,773.25. Following the completion of the transaction, the chief financial officer now owns 506,924 shares of the company's stock, valued at $5,591,371.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 116,019 shares of company stock valued at $1,220,382 over the last quarter. Corporate insiders own 19.23% of the company's stock.

Institutional Trading of Repay

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC increased its holdings in shares of Repay by 19.7% during the third quarter. Hsbc Holdings PLC now owns 22,312 shares of the company's stock worth $171,000 after buying an additional 3,669 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Repay during the third quarter valued at approximately $8,492,000. Swiss National Bank grew its stake in shares of Repay by 3.6% during the third quarter. Swiss National Bank now owns 173,283 shares of the company's stock valued at $1,315,000 after purchasing an additional 6,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Repay by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,550 shares of the company's stock valued at $4,513,000 after purchasing an additional 16,063 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Repay during the third quarter valued at approximately $1,783,000. Institutional investors and hedge funds own 82.73% of the company's stock.

Repay Stock Performance

NASDAQ RPAY traded up $0.02 during trading hours on Tuesday, reaching $10.31. The company's stock had a trading volume of 332,452 shares, compared to its average volume of 663,382. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $9.48 and a 200 day simple moving average of $8.06. Repay has a 52 week low of $5.61 and a 52 week high of $11.22. The stock has a market cap of $1.05 billion, a PE ratio of -8.45 and a beta of 1.34.

Repay (NASDAQ:RPAY - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. The firm had revenue of $75.99 million for the quarter, compared to analysts' expectations of $69.94 million. Equities research analysts predict that Repay will post 0.73 earnings per share for the current fiscal year.

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.