Repay Holdings Co. (NASDAQ: RPAY) has received a consensus rating of “Hold” from the nine brokerages covering the stock, Bloomberg Ratings reports. In addition, four analysts have rated the stock with a hold rating, and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.88.Several research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of Repay from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, August 15th. Citigroup lowered Repay from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $13.00 in a report on Wednesday, August 10th. Morgan Stanley lowered their price target on Repay from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 10th.
Canaccord Genuity Group lowered their price objective on shares of Repay from $25.00 to $20.00 in a research report on Wednesday, August 24th. Finally, Keefe, Bruyette & Woods cut Repay from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $21.00 to $13.00 in a research report on Wednesday, August 10th.Shares of NASDAQ: RPAY opened at $9.47 on Monday. Repay has a 1-year low of $8.90 and a 1-year high of $24.53. The company has a 50-day moving average price of $11.72 and a 200-day moving average price of $12.93. The stock has a market capitalization of $857.55 million, a price-to-earnings ratio of -72.84, and a beta of 0.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.51, and a current ratio of 1.51.
Repay (NASDAQ: RPAY) last announced its earnings results on Tuesday, August 9th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $67.44 million for the quarter, compared to analyst estimates of $69.39 million. Repay had a positive return on equity of 6.88% and a negative net margin of 3.24%. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. On average, research analysts anticipate that Repay will post 0.61 EPS for the current fiscal year.
In other news, Director Peter J. Kight acquired 56,956 shares on Thursday, August 18th. The stock was bought at an average price of $9.78 per share, with a total value of $557,029.68. Following the completion of the acquisition, the director now owns 1,443,938 shares in the company, valued at approximately $14,121,713.64. The acquisition was disclosed in a legal filing with the SEC, accessible through the SEC website. In related news, Director Peter J. Kight purchased 56,956 shares of the business’s stock in a transaction dated Thursday, August 18th.
The shares were bought at an average price of $9.78 per share, with a total value of $557,029.68. Following the purchase, the director now directly owns 1,443,938 shares in the company, valued at approximately $14,121,713.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter J. Kight acquired 37,262 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average cost of $10.79 per share, with a total value of $402,056.98. Following the completion of the purchase, the director now owns 1,386,882 shares of the company’s stock, valued at $14,964,456.78. The disclosure for this purchase can be found here. In addition, 11.50% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Repay by 15.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 11,199 shares of the company’s stock worth $205,000 after buying an additional 1,521 shares. ProShare Advisors LLC raised its position in shares of Repay by 70.4% during the fourth quarter. ProShare Advisors LLC now owns 18,922 shares of the company’s stock worth $346,000 after purchasing an additional 7,819 shares.
First Trust Advisors LP bought a new position in shares of Repay during the 4th quarter, valued at about $399,000. The Teacher Retirement System of Texas grew its position in shares of Repay by 36.1% in the 4th quarter. Teacher Retirement System of Texas now owns 16,667 shares of the company’s stock valued at $305,000 after purchasing an additional 4,417 shares. Finally, TD Asset Management Inc. increased its stake in Repay by 100.0% during the 4th quarter. TD Asset Management Inc. now owns 85,544 shares of the company’s stock worth $1,563,000 after purchasing an additional 42,772 shares in the last quarter. Institutional investors and hedge funds own 95.82% of the stock.
Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company’s payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale.