Repay Holdings Corporation (NASDAQ:RPAY) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Repay Holdings, with one sell, four hold and three buy ratings. The average 12-month price target is $5.32, compared with the stock’s reported opening price of $3.99.
• Recent analyst actions were mixed: Stephens downgraded the stock and cut its target to $3.75, while DA Davidson maintained a buy rating with a $6.00 target and UBS raised its target to $4.25 while retaining a neutral rating.
• Institutional ownership stands at 82.73%, with several funds increasing their positions. Repay’s latest quarterly results met expectations, reporting $0.22 in adjusted EPS and $80.79 million in revenue.

Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) has been given a consensus recommendation of "Hold" by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.3214.

Several analysts have issued reports on the company. Stephens downgraded Repay from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $7.00 to $3.75 in a research note on Tuesday, May 5th. 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. UBS Group increased their price objective on Repay from $3.75 to $4.25 and gave the stock a "neutral" rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings raised Repay from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, July 20th.

Institutional Trading of Repay

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC boosted its stake in shares of Repay by 76.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,089,241 shares of the company's stock worth $3,976,000 after buying an additional 471,767 shares during the last quarter. Private Management Group Inc. increased its position in shares of Repay by 30.5% in the fourth quarter. Private Management Group Inc. now owns 5,412,492 shares of the company's stock valued at $19,756,000 after acquiring an additional 1,263,399 shares during the last quarter. Whetstone Capital Advisors LLC increased its position in shares of Repay by 1,832.1% in the fourth quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company's stock valued at $9,959,000 after acquiring an additional 2,587,400 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Repay by 4.6% in the first quarter. HB Wealth Management LLC now owns 78,151 shares of the company's stock valued at $203,000 after acquiring an additional 3,452 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in Repay by 45.2% during the first quarter. Inspire Investing LLC now owns 187,443 shares of the company's stock worth $487,000 after acquiring an additional 58,317 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Stock Down 0.2%

Shares of RPAY stock opened at $3.99 on Friday. Repay has a 12-month low of $2.30 and a 12-month high of $6.05. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average of $3.78 and a 200-day moving average of $3.43. The company has a market capitalization of $378.89 million, a price-to-earnings ratio of -1.30 and a beta of 1.83.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $80.79 million for the quarter, compared to analysts' expectations of $80.48 million. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. As a group, equities research analysts predict that Repay will post 0.66 earnings per share for the current fiscal year.

About Repay

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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