Repay (NASDAQ:RPAY) Given Buy Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of Repay (NASDAQ:RPAY) in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a $16.00 target price on the stock.

A number of other equities analysts have also weighed in on the company. Barclays increased their target price on Repay from $9.00 to $10.00 and gave the stock an overweight rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods raised their price objective on Repay from $8.50 to $9.50 and gave the stock a market perform rating in a research note on Monday, March 4th. Truist Financial restated a buy rating and set a $13.00 price objective (up previously from $10.00) on shares of Repay in a research note on Monday, March 4th. Canaccord Genuity Group restated a buy rating and set a $13.00 price objective on shares of Repay in a research note on Friday, March 1st. Finally, Benchmark began coverage on Repay in a research note on Tuesday, February 13th. They set a buy rating and a $10.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $10.25.

Repay Stock Performance

Shares of NASDAQ RPAY opened at $10.17 on Tuesday. The stock has a 50 day moving average price of $9.99 and a 200 day moving average price of $8.37. Repay has a 52 week low of $5.61 and a 52 week high of $11.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market capitalization of $1.04 billion, a PE ratio of -8.34 and a beta of 1.34.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $75.99 million for the quarter, compared to analyst estimates of $69.94 million. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. Analysts predict that Repay will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 4,925 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $10.00, for a total value of $49,250.00. Following the sale, the chief financial officer now owns 652,011 shares of the company’s stock, valued at approximately $6,520,110. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 116,019 shares of company stock valued at $1,220,382. 19.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Repay

Several hedge funds have recently modified their holdings of the company. Simplicity Wealth LLC acquired a new position in Repay during the 1st quarter worth about $220,000. Rice Hall James & Associates LLC lifted its holdings in Repay by 31.1% during the 1st quarter. Rice Hall James & Associates LLC now owns 328,910 shares of the company’s stock worth $3,618,000 after buying an additional 78,033 shares during the period. Fisher Asset Management LLC raised its position in shares of Repay by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock worth $451,000 after acquiring an additional 2,057 shares in the last quarter. G2 Investment Partners Management LLC bought a new position in shares of Repay in the 4th quarter worth about $7,303,000. Finally, Ranger Investment Management L.P. raised its position in shares of Repay by 1.4% in the 4th quarter. Ranger Investment Management L.P. now owns 2,959,167 shares of the company’s stock worth $25,271,000 after acquiring an additional 40,076 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Company Profile

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.