Benchmark Reaffirms “Buy” Rating for Repay (NASDAQ:RPAY)

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $13.00 target price on the stock. Benchmark’s price objective suggests a potential upside of 62.09% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Friday, May 10th. Barclays dropped their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price objective on shares of Repay in a research report on Wednesday, July 3rd. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Repay in a research report on Tuesday, July 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Repay currently has a consensus rating of “Moderate Buy” and an average price target of $11.10.

Repay Stock Performance

Shares of NASDAQ RPAY traded down $0.03 during trading on Tuesday, reaching $8.02. 160,884 shares of the stock traded hands, compared to its average volume of 836,585. The company has a 50-day moving average of $9.87 and a 200-day moving average of $9.74. Repay has a 52-week low of $5.63 and a 52-week high of $11.27. The stock has a market capitalization of $815.07 million, a P/E ratio of -8.18 and a beta of 1.43. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Repay had a negative net margin of 29.01% and a positive return on equity of 8.28%. The company had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. During the same period last year, the firm earned $0.14 EPS. Repay’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts forecast that Repay will post 0.72 EPS for the current fiscal year.

Institutional Trading of Repay

Hedge funds have recently made changes to their positions in the stock. Spire Wealth Management bought a new stake in Repay in the fourth quarter worth $34,000. Quest Partners LLC bought a new position in shares of Repay in the 4th quarter worth approximately $56,000. Bfsg LLC bought a new position in shares of Repay in the fourth quarter worth about $119,000. ProShare Advisors LLC boosted its holdings 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 buying an additional 1,174 shares during the period. Finally, Diversified Trust Co boosted its stake in Repay by 15.5% in the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after purchasing an additional 2,391 shares during the period. 82.73% of the stock is owned by institutional investors.

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.