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

Canaccord Genuity Group reissued their buy rating on shares of Repay (NASDAQ:RPAY) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $13.00 target price on the stock.

A number of other brokerages have also weighed in on RPAY. Keefe, Bruyette & Woods restated a market perform rating and set a $11.00 price objective on shares of Repay in a research note on Wednesday, July 3rd. Benchmark reaffirmed a buy rating and set a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. DA Davidson restated a buy rating and set a $16.00 price objective on shares of Repay in a research note on Tuesday, July 9th. Finally, Barclays lowered their target price 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $11.33.

Repay Stock Up 0.6 %

Shares of NASDAQ:RPAY opened at $8.14 on Wednesday. Repay has a 1 year low of $5.63 and a 1 year high of $11.27. The stock has a 50-day simple moving average of $8.59 and a 200-day simple moving average of $9.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. The stock has a market capitalization of $827.27 million, a P/E ratio of -8.31 and a beta of 1.44.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company 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 previous year, the firm posted $0.14 earnings per share. Equities analysts forecast that Repay will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the transaction, the executive vice president now directly owns 240,130 shares in the company, valued at $1,995,480.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 269,524 shares of company stock valued at $2,222,784 over the last 90 days. 11.00% of the stock is currently owned by company insiders.

Institutional Trading of Repay

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC increased its holdings in shares of Repay by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after buying an additional 1,174 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Repay by 6.6% in the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock valued at $220,000 after purchasing an additional 1,232 shares during the period. CWM LLC increased its stake in Repay by 2.8% in the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after purchasing an additional 1,462 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Repay by 4.1% during the 4th quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock worth $451,000 after buying an additional 2,057 shares during the period. Finally, Diversified Trust Co lifted its stake in Repay by 15.5% during the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after buying an additional 2,391 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

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.