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

Repay Holdings Co. (NASDAQ:RPAY) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five 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 $10.56.

Several research analysts have commented on RPAY shares. UBS Group reduced their price objective on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday. Stephens restated an “overweight” rating and set a $11.00 price target on shares of Repay in a research note on Tuesday. DA Davidson reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Keefe, Bruyette & Woods cut their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. Finally, Canaccord Genuity Group lowered their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday.

Insider Buying and Selling at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now owns 450,879 shares in the company, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently bought and sold shares of RPAY. Creative Planning acquired a new stake in shares of Repay in the 3rd quarter worth $115,000. Blue Trust Inc. increased its position in Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after buying an additional 2,771 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Repay in the third quarter valued at about $126,000. River Road Asset Management LLC boosted its holdings in Repay by 89.9% in the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after acquiring an additional 895,429 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Repay during the third quarter worth about $1,122,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Stock Performance

Shares of NASDAQ:RPAY opened at $5.96 on Friday. The firm’s 50 day simple moving average is $7.36 and its 200-day simple moving average is $7.84. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay has a one year low of $5.93 and a one year high of $11.27. The firm has a market cap of $581.89 million, a PE ratio of -6.85 and a beta of 1.54.

Repay Company Profile

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.