In a report released today, Mark Palmer from BTIG reiterated a Buy rating on Repay Holdings (RPAY), with a price target of $20.00. The company’s shares closed last Tuesday at $18.20, close to its 52-week high of $19.58.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 12.8% and a 65.4% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Sutter Rock Capital, and Synchrony Financial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Repay Holdings with a $18.80 average price target, a 4.4% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $21.00 price target.
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Based on Repay Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $20.4 million and GAAP net loss of $7.81 million. In comparison, last year the company earned revenue of $33.86 million and had a net profit of $2.15 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RPAY in relation to earlier this year.
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Repay Holdings Corp. engages in the provision of integrated payment processing solutions to verticals that have specific transaction processing needs. The company is headquartered in Atlanta, GA.
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