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

Key Points

• Repay Holdings Corporation has received an average rating of "Hold" from analysts, with a consensus price objective of $7.22 over the next 12 months.
• Despite a negative net margin of 35.79%, the company reported $0.20 earnings per share (EPS), meeting analysts' expectations, while revenues increased by 0.9% year-over-year.
• Institutional investors own 82.73% of Repay's stock, with significant recent increases in holdings by firms like American Century Companies and Private Management Group.

Shares of Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) have received a consensus rating of "Hold" from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.2222.

RPAY has been the subject of several recent analyst reports. Canaccord Genuity Group restated a "buy" rating and set a $12.00 target price on shares of Repay in a research note on Friday, August 22nd. UBS Group increased their target price on Repay from $4.50 to $5.75 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Repay from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Keefe, Bruyette & Woods increased their target price on Repay from $5.00 to $5.75 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley increased their target price on Repay from $4.50 to $5.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th.

Repay Price Performance

NASDAQ RPAY traded down $0.30 on Tuesday, hitting $5.45. 1,299,419 shares of the company's stock were exchanged, compared to its average volume of 684,617. The stock has a 50-day moving average of $5.43 and a 200-day moving average of $5.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. Repay has a 52 week low of $3.59 and a 52 week high of $9.75. The stock has a market cap of $497.80 million, a price-to-earnings ratio of -4.33 and a beta of 1.62.

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

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $5.89, for a total value of $155,407.65. Following the completion of the sale, the executive vice president directly owned 193,532 shares in the company, valued at $1,139,903.48. This represents a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 12.00% of the company's stock.

Institutional Trading of Repay

A number of institutional investors and hedge funds have recently bought and sold shares of RPAY. Northern Trust Corp increased its holdings in Repay by 3.9% in the fourth quarter. Northern Trust Corp now owns 850,911 shares of the company's stock valued at $6,492,000 after purchasing an additional 32,079 shares during the period. Jane Street Group LLC increased its holdings in Repay by 21.4% in the fourth quarter. Jane Street Group LLC now owns 60,911 shares of the company's stock valued at $465,000 after purchasing an additional 10,745 shares during the period. BNP Paribas Financial Markets acquired a new stake in Repay in the fourth quarter valued at $1,532,000. Millennium Management LLC increased its holdings in Repay by 120.6% in the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company's stock valued at $13,259,000 after purchasing an additional 950,185 shares during the period. Finally, ProShare Advisors LLC increased its holdings in Repay by 42.8% in the fourth quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock valued at $186,000 after purchasing an additional 7,323 shares during the period. 82.73% of the stock is currently 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.