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 report published on Wednesday,Benzinga reports. They currently have a $8.00 price target on the stock.

A number of other equities analysts also recently issued reports on the company. Stephens downgraded Repay from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $7.00 to $3.75 in a research report on Tuesday, May 5th. DA Davidson reissued a “buy” rating and set a $6.00 target price on shares of Repay in a research report on Wednesday, July 15th. UBS Group raised their price target on shares of Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Repay currently has a consensus rating of “Hold” and an average target price of $5.25.

Repay Stock Performance

NASDAQ RPAY opened at $4.01 on Wednesday. The company has a market capitalization of $380.79 million, a price-to-earnings ratio of -1.97 and a beta of 1.83. Repay has a twelve month low of $2.30 and a twelve month high of $6.05. The stock has a fifty day simple moving average of $3.82 and a 200 day simple moving average of $3.45. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 1.60.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%.The company had revenue of $100.71 million for the quarter, compared to analyst estimates of $101.86 million. Sell-side analysts expect that Repay will post 0.66 EPS for the current year.

Hedge Funds Weigh In On Repay

Several institutional investors have recently added to or reduced their stakes in the business. HB Wealth Management LLC grew its position in shares of Repay by 4.6% during the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock worth $203,000 after buying an additional 3,452 shares during the period. Essential Partners LLC lifted its position in shares of Repay by 69.8% during the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after acquiring an additional 3,950 shares during the period. Quarry LP acquired a new position in shares of Repay during the 3rd quarter valued at $26,000. Blair William & Co. IL boosted its stake in Repay by 18.5% during the fourth quarter. Blair William & Co. IL now owns 41,044 shares of the company’s stock worth $150,000 after acquiring an additional 6,409 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in Repay by 56.2% during the third quarter. Merit Financial Group LLC now owns 19,551 shares of the company’s stock worth $102,000 after acquiring an additional 7,036 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

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.