Analysts Set Repay Holdings Corporation (NASDAQ:RPAY) Target Price at $7.22

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 been assigned an average recommendation of "Hold" from the nine brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $7.2222.

A number of brokerages have weighed in on RPAY. BMO Capital Markets reduced their price target 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. Citigroup dropped their price objective on Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research note on Monday, May 19th. DA Davidson dropped their price objective on Repay from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen upgraded Repay from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $12.00 price objective on shares of Repay in a research note on Friday, August 22nd.

Hedge Funds Weigh In On Repay

Institutional investors have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Repay in the fourth quarter worth about $27,000. Johnson Financial Group Inc. bought a new position in Repay during the fourth quarter valued at about $47,000. Spire Wealth Management increased its stake in Repay by 52.5% during the first quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after acquiring an additional 2,620 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in Repay during the second quarter valued at about $49,000. Finally, EverSource Wealth Advisors LLC increased its stake in Repay by 224.4% during the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company's stock valued at $50,000 after acquiring an additional 7,217 shares during the period. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Up 0.9%

Shares of NASDAQ:RPAY traded up $0.05 on Friday, reaching $5.88. The company had a trading volume of 980,875 shares, compared to its average volume of 1,030,454. Repay has a twelve month low of $3.59 and a twelve month high of $9.75. The stock has a 50-day moving average price of $5.12 and a 200 day moving average price of $5.23. The stock has a market capitalization of $537.08 million, a P/E ratio of -4.67 and a beta of 1.64. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

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

Repay declared that its board has approved a share repurchase program on Monday, May 12th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 19% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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.