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

Repay Holdings Co. (NASDAQ:RPAY) has received an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $8.75.

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on Repay from $6.50 to $4.50 and set a “market perform” rating on the stock in a research report on Tuesday. Barclays dropped their target price on Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. BMO Capital Markets lowered their price target on Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Tuesday. DA Davidson reissued a “buy” rating and issued a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Finally, UBS Group decreased their target price on Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday.

Repay Stock Down 2.2%

Shares of Repay stock opened at $3.95 on Wednesday. The business’s fifty day moving average price is $4.90 and its two-hundred day moving average price is $6.73. 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 $385.08 million, a P/E ratio of -4.54 and a beta of 1.61. Repay has a 1-year low of $3.59 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm had revenue of $77.33 million during the quarter, compared to the consensus estimate of $76.06 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, research analysts forecast that Repay will post 0.72 EPS for the current year.

Repay announced that its board has authorized a stock repurchase plan on Monday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 19% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Repay

Several hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in shares of Repay in the fourth quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of Repay in the fourth quarter valued at $36,000. Spire Wealth Management increased its position in 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 purchasing an additional 2,620 shares during the period. Blue Trust Inc. increased its position in Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after purchasing an additional 2,077 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Repay in the fourth quarter worth about $47,000. 82.73% of the stock is owned by 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.