Repay (NASDAQ:RPAY) Stock Rating Reaffirmed by Canaccord Genuity Group

by · The Cerbat Gem

Repay (NASDAQ:RPAY – Get Free Report)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a research report issued on Wednesday, Benzinga reports. They currently have a $13.00 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 60.69% from the stock’s current price.

Several other equities analysts have also recently commented on RPAY. Barclays reduced their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Repay in a report on Tuesday, July 9th. Benchmark reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $11.00 target price on shares of Repay in a research note on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Repay has an average rating of “Moderate Buy” and an average price target of $11.33.

Get Our Latest Stock Report on Repay

Repay Trading Up 1.0 %

Shares of RPAY stock opened at $8.09 on Wednesday. The stock has a market capitalization of $790.80 million, a price-to-earnings ratio of -8.26 and a beta of 1.44. The company’s fifty day simple moving average is $8.65 and its two-hundred day simple moving average is $9.68. Repay has a 1 year low of $5.63 and a 1 year high of $11.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.83 and a quick ratio of 3.83.

Repay (NASDAQ:RPAY – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $76.28 million. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, analysts anticipate that Repay will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 7,198 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $8.18, for a total value of $58,879.64. Following the completion of the sale, the executive vice president now owns 140,130 shares of the company’s stock, valued at $1,146,263.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 269,524 shares of company stock worth $2,222,784 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

Hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new position in shares of Repay in the fourth quarter worth about $56,000. Squarepoint Ops LLC bought a new position in Repay during the 2nd quarter worth approximately $142,000. ProShare Advisors LLC increased its stake in Repay by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing an additional 1,174 shares during the period. Diversified Trust Co lifted its position in Repay by 15.5% in the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after purchasing an additional 2,391 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Repay during the second quarter valued at approximately $190,000. 82.73% of the stock is owned by institutional investors.

About Repay

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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.

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