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

Key Points

• Repay Holdings Corporation has received a consensus rating of "Hold" from nine ratings firms, with five analysts recommending a hold, and four suggesting a buy.
• The company's recent quarterly earnings met analysts' expectations, reporting $0.20 EPS and revenue of $75.63 million, which was a 0.9% increase compared to the same quarter last year.
• Repay has initiated a share buyback program allowing for the repurchase of up to $75 million in shares, indicating that the board believes the stock is undervalued.

Shares of Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) have earned an average rating of "Hold" from the nine ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.2222.

A number of analysts have recently commented on RPAY shares. Wall Street Zen upgraded Repay from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. BMO Capital Markets cut their price objective on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a research report on Tuesday, May 13th. DA Davidson cut their price objective on Repay from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Citigroup cut their price objective on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lifted their price target on Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th.

Repay Stock Down 1.3%

Shares of RPAY stock opened at $5.46 on Friday. The stock has a 50 day moving average of $5.03 and a 200 day moving average of $5.27. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. The stock has a market cap of $542.94 million, a P/E ratio of -4.33 and a beta of 1.64. Repay has a twelve month low of $3.59 and a twelve month high of $9.75.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.20 EPS for the quarter, meeting analysts' consensus estimates of $0.20. The business had revenue of $75.63 million during the quarter, compared to analysts' expectations of $74.24 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%.The business's revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. As a group, sell-side analysts expect that Repay will post 0.72 EPS for the current year.

Repay announced that its Board of Directors has initiated a share buyback program on Monday, May 12th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 19% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Institutional Trading of Repay

Institutional investors have recently made changes to their positions in the company. Spire Wealth Management boosted its stake in shares of Repay by 52.5% in the first quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after acquiring an additional 2,620 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Repay by 9.0% during the first quarter. Principal Financial Group Inc. now owns 166,377 shares of the company's stock worth $927,000 after buying an additional 13,722 shares during the last quarter. ProShare Advisors LLC boosted its stake in Repay by 42.8% during the fourth quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock worth $186,000 after buying an additional 7,323 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Repay by 3.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company's stock worth $1,029,000 after buying an additional 4,980 shares during the last quarter. Finally, Private Management Group Inc. boosted its stake in Repay by 52.6% during the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock worth $14,787,000 after buying an additional 914,529 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

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.

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