Repay Holdings Co. (NASDAQ:RPAY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Repay Holdings Co. (NASDAQ:RPAY) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.31.

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Stephens reiterated an “overweight” rating and set a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price target on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. UBS Group lowered their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, BMO Capital Markets lowered their price target on Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 4th.

Repay Stock Up 2.8 %

Shares of NASDAQ:RPAY opened at $5.90 on Tuesday. Repay has a 1 year low of $5.30 and a 1 year high of $11.27. The business has a fifty day moving average price of $6.93 and a two-hundred day moving average price of $7.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market capitalization of $575.18 million, a PE ratio of -6.78 and a beta of 1.54.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RPAY. Blue Trust Inc. increased its holdings in Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after purchasing an additional 2,077 shares during the period. Invesco Ltd. lifted its holdings in shares of Repay by 1.4% during the fourth quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock valued at $1,216,000 after purchasing an additional 2,142 shares during the last quarter. Bailard Inc. raised its stake in Repay by 5.7% during the fourth quarter. Bailard Inc. now owns 42,600 shares of the company’s stock valued at $325,000 after buying an additional 2,300 shares during the last quarter. Quarry LP purchased a new position in shares of Repay in the 4th quarter worth about $27,000. Finally, Bfsg LLC raised its holdings in Repay by 29.9% in the fourth quarter. Bfsg LLC now owns 16,660 shares of the company’s stock worth $127,000 after buying an additional 3,830 shares during the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

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.