BTIG analyst Mark Palmer reiterated a Buy rating on Repay Holdings (RPAY) today and set a price target of $25.00. The company’s shares closed last Monday at $20.35.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 12.5% and a 64.8% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Sutter Rock Capital, and Synchrony Financial.
Currently, the analyst consensus on Repay Holdings is a Strong Buy with an average price target of $19.17, which is a -6.4% downside from current levels. In a report issued on May 12, 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 March 31, the company reported a quarterly revenue of $39.46 million and GAAP net loss of $3.43 million. In comparison, last year the company earned revenue of $23.02 million and had a net profit of $4.86 million.
Based on the recent corporate insider activity of 43 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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