Repay Holdings Corporation (NASDAQ:RPAY) Receives Average Rating of "Hold" from Brokerages

Key Points

• Repay Holdings Corporation (NASDAQ:RPAY) has received a consensus rating of "Hold" from ten brokerages, with one sell rating, five holds, and four buys.
• Repay's stock is currently down 5.4%, with a current market cap of $419.25 million and price-to-earnings ratio of -3.64.
• Recent insider activity includes the sale of 26,385 shares by EVP Jacob Hamilton Moore, reducing their position by 12.00%.

Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) has earned a consensus rating of "Hold" from the ten brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on 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.

Several equities analysts have commented on RPAY shares. Canaccord Genuity Group reissued a "buy" rating and set a $12.00 target price on shares of Repay in a research note on Friday, August 22nd. Wall Street Zen raised shares of Repay from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. UBS Group lifted their price objective on shares of Repay from $4.50 to $5.75 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. Finally, Morgan Stanley lifted their price objective on shares of Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th.

Insider Activity

In other news, EVP Jacob Hamilton Moore sold 26,385 shares of Repay stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $5.89, for a total value of $155,407.65. Following the transaction, the executive vice president owned 193,532 shares of the company's stock, valued at $1,139,903.48. The trade was a 12.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 12.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RPAY. Spire Wealth Management boosted its holdings 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 buying an additional 2,620 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in shares of Repay in the second quarter worth about $49,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Repay by 224.4% in the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company's stock worth $50,000 after buying an additional 7,217 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Repay in the second quarter worth about $56,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Repay in the second quarter worth about $57,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Stock Down 5.4%

Repay stock opened at $4.59 on Friday. The stock has a market cap of $419.25 million, a price-to-earnings ratio of -3.64 and a beta of 1.60. 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 company's 50-day moving average price is $5.47 and its two-hundred day moving average price is $4.99. Repay has a 52 week low of $3.59 and a 52 week high of $9.75.

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

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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