Repay’s (RPAY) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Repay (NASDAQ:RPAY) in a report released on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a $12.00 target price on the stock.

A number of other research firms have also recently issued reports on RPAY. UBS Group lifted their price objective on Repay from $4.50 to $5.75 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Repay from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Repay in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods raised their price objective on shares of Repay from $5.00 to $5.75 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley lifted their target price on shares of Repay from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Repay currently has a consensus rating of “Hold” and a consensus target price of $6.92.

Repay Price Performance

NASDAQ RPAY opened at $3.50 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.85. The firm has a market capitalization of $319.69 million, a price-to-earnings ratio of -2.55 and a beta of 1.60. The company has a 50 day simple moving average of $4.91 and a 200-day simple moving average of $4.89. Repay has a 52-week low of $3.27 and a 52-week high of $8.68.

Repay (NASDAQ:RPAY) last released its earnings results on Monday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Repay had a negative net margin of 39.08% and a positive return on equity of 9.04%. The company had revenue of $77.73 million during the quarter, compared to the consensus estimate of $76.92 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts predict that Repay will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $5.89, for a total transaction of $155,407.65. Following the completion of the sale, the executive vice president owned 193,532 shares in the company, valued at $1,139,903.48. This represents a 12.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RPAY. Focus Partners Advisor Solutions LLC bought a new position in shares of Repay in the 2nd quarter valued at about $49,000. EverSource Wealth Advisors LLC raised its stake in shares of Repay by 224.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after purchasing an additional 7,217 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Repay by 44.2% in the 2nd quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock valued at $53,000 after buying an additional 3,360 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Repay in the second quarter valued at $56,000. Finally, Pallas Capital Advisors LLC acquired a new position in Repay during the second quarter worth $57,000. Institutional investors 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.