DA Davidson Reiterates “Buy” Rating for Repay (NASDAQ:RPAY)

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They currently have a $6.00 price target on the stock. DA Davidson’s price target indicates a potential upside of 51.13% from the stock’s current price.

A number of other brokerages have also commented on RPAY. UBS Group boosted their price objective on shares of Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Stephens downgraded shares of Repay from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $7.00 to $3.75 in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Repay presently has an average rating of “Hold” and an average price target of $5.32.

Repay Stock Up 1.3%

NASDAQ:RPAY opened at $3.97 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $376.99 million, a PE ratio of -1.30 and a beta of 1.83. Repay has a 52-week low of $2.30 and a 52-week high of $6.05. The stock has a 50-day simple moving average of $3.63 and a 200 day simple moving average of $3.39.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%.The business had revenue of $80.79 million for the quarter, compared to analyst estimates of $80.48 million. On average, sell-side analysts expect that Repay will post 0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Essential Partners LLC raised its stake in Repay by 69.8% in the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after acquiring an additional 3,950 shares during the period. Quarry LP acquired a new stake in Repay during the 3rd quarter valued at $26,000. Krilogy Financial LLC bought a new position in Repay during the first quarter worth $29,000. Caerus Investment Advisors LLC bought a new position in Repay during the first quarter worth $31,000. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Repay in the first quarter valued at $36,000. 82.73% of the stock is owned by institutional investors and hedge funds.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.