Analysts Set Repay Holdings Co. (NASDAQ:RPAY) Target Price at $10.31

Shares of Repay Holdings Co. (NASDAQ:RPAY) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $10.31.

Several equities analysts recently commented on the stock. Canaccord Genuity Group cut their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. BMO Capital Markets reduced their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday, March 4th. DA Davidson restated a “buy” rating and set a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Barclays reduced their price objective on Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Finally, Keefe, Bruyette & Woods reduced their target price on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th.

Institutional Trading of Repay

Several hedge funds have recently modified their holdings of RPAY. Blue Trust Inc. raised its position in shares of Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after acquiring an additional 2,077 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Repay by 1.4% in the 4th 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. grew its position in shares of Repay by 5.7% during the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock worth $325,000 after buying an additional 2,300 shares during the period. Quarry LP acquired a new stake in shares of Repay during the 4th quarter worth approximately $27,000. Finally, Bfsg LLC raised its stake in shares of Repay by 29.9% during 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 institutional investors.

Repay Price Performance

NASDAQ RPAY opened at $5.48 on Tuesday. The stock has a market capitalization of $534.23 million, a PE ratio of -6.30 and a beta of 1.54. The stock has a 50-day simple moving average of $6.80 and a 200 day simple moving average of $7.55. 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 twelve month low of $5.30 and a twelve month high of $11.27.

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.