Repay (NASDAQ:RPAY) Earns “Buy” Rating from DA Davidson

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $10.00 price target on the stock. DA Davidson’s target price would indicate a potential upside of 161.44% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. UBS Group upped their price target on Repay from $4.50 to $5.75 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Morgan Stanley boosted their target price on Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Keefe, Bruyette & Woods raised their price target on Repay from $5.00 to $5.75 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Repay in a research report on Wednesday, November 5th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price objective on shares of Repay in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Repay currently has a consensus rating of “Hold” and an average target price of $7.22.

Repay Stock Performance

Repay stock traded up $0.09 during mid-day trading on Tuesday, reaching $3.83. 986,172 shares of the company were exchanged, compared to its average volume of 1,171,202. The firm has a market cap of $349.38 million, a PE ratio of -3.04 and a beta of 1.61. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day simple moving average is $5.03 and its two-hundred day simple moving average is $4.92. Repay has a twelve month low of $3.27 and a twelve month high of $9.75.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $77.73 million during the quarter, compared to the consensus estimate of $76.92 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Equities analysts predict that Repay will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 26,385 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $5.89, for a total value of $155,407.65. Following the completion of the transaction, the executive vice president directly owned 193,532 shares in the company, valued at approximately $1,139,903.48. The trade was a 12.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Repay in the second quarter worth $49,000. EverSource Wealth Advisors LLC increased its holdings in Repay by 224.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock valued at $50,000 after purchasing an additional 7,217 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Repay in the 1st quarter valued at $61,000. Spire Wealth Management lifted its stake in shares of Repay by 44.2% during the second quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock worth $53,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Repay during the second quarter worth about $56,000. 82.73% of the stock is owned by institutional investors and hedge funds.

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.