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 research report released on Wednesday morning,Benzinga reports. They currently have a $13.00 target price on the stock.

A number of other research firms have also recently commented on RPAY. Barclays lowered their target price on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.29.

Repay Price Performance

RPAY opened at $7.85 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 3.83. The company has a market capitalization of $767.34 million, a price-to-earnings ratio of -9.02 and a beta of 1.44. The firm’s fifty day moving average price is $8.06 and its two-hundred day moving average price is $9.10. Repay has a 1 year low of $7.03 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. As a group, analysts anticipate that Repay will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Repay

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $8.18, for a total transaction of $58,879.64. Following the sale, the executive vice president now directly owns 140,130 shares in the company, valued at $1,146,263.40. This represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 269,524 shares of company stock worth $2,222,784. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Several hedge funds and other institutional investors have recently modified their holdings of RPAY. Wellington Management Group LLP bought a new stake in shares of Repay during the third quarter valued at about $37,197,000. Millennium Management LLC increased its position in shares of Repay by 182.1% during the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after buying an additional 1,503,919 shares during the period. Barclays PLC increased its position in shares of Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after buying an additional 1,427,078 shares during the period. Bank of Montreal Can increased its position in shares of Repay by 8,811.5% during the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after buying an additional 1,286,917 shares during the period. Finally, River Road Asset Management LLC increased its position in shares of Repay by 89.9% during the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after buying an additional 895,429 shares during the period. 82.73% of the stock is currently 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.