Repay (NASDAQ:RPAY) Given “Buy” Rating at DA Davidson

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a report issued on Tuesday,Benzinga reports. They currently have a $6.00 price objective on the stock. DA Davidson’s price objective would suggest a potential upside of 42.01% from the stock’s previous close.

RPAY has been the topic of several other reports. Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Stephens downgraded shares of Repay from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $7.00 to $3.75 in a research note on Tuesday, May 5th. Benchmark decreased their price objective on Repay from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. UBS Group lifted their target price on Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Canaccord Genuity Group dropped their target price on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Repay currently has an average rating of “Hold” and a consensus price target of $5.32.

Repay Stock Down 0.8%

Shares of RPAY traded down $0.04 during mid-day trading on Tuesday, hitting $4.22. 264,098 shares of the company’s stock were exchanged, compared to its average volume of 1,303,337. The company has a market cap of $401.21 million, a PE ratio of -1.38 and a beta of 1.86. Repay has a 52 week low of $2.30 and a 52 week high of $6.05. The company has a 50-day simple moving average of $3.58 and a 200 day simple moving average of $3.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $80.79 million for the quarter, compared to the consensus estimate of $80.48 million. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. On average, research analysts forecast that Repay will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Repay

Several institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Essential Partners LLC increased its stake in shares of Repay by 69.8% during the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after purchasing an additional 3,950 shares during the last quarter. Quarry LP acquired a new stake in Repay in the 3rd quarter valued at about $26,000. Krilogy Financial LLC acquired a new stake in Repay in the 1st quarter valued at about $29,000. Caerus Investment Advisors LLC bought a new position in Repay during the first quarter worth about $31,000. Finally, Chicago Partners Investment Group LLC bought a new position in Repay during the first quarter worth about $36,000. 82.73% of the stock is owned by institutional investors.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.