Repay (NASDAQ:RPAY) Stock Gets Price Target Cut from Canaccord Genuity Group

Repay (NASDAQ:RPAY) had its price target lowered by Canaccord Genuity Group from $8.00 to $7.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on RPAY. DA Davidson reissued a “buy” rating and set a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.17.

Repay Stock Performance

RPAY opened at $4.10 on Tuesday. The business’s 50-day moving average price is $4.03 and its two-hundred day moving average price is $3.61. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.39 and a quick ratio of 1.43. The company has a market capitalization of $390.11 million, a price-to-earnings ratio of 6.18 and a beta of 1.92. Repay has a 1 year low of $2.30 and a 1 year high of $4.80.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $153.40 million during the quarter, compared to analysts’ expectations of $151.97 million. Repay had a positive return on equity of 12.79% and a negative net margin of 41.21%. Equities analysts expect that Repay will post 0.88 EPS for the current fiscal year.

Insider Transactions at Repay

In other Repay news, General Counsel Tyler Dempsey sold 25,000 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $4.75, for a total transaction of $118,750.00. Following the sale, the general counsel directly owned 416,251 shares in the company, valued at $1,977,192.25. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 75,000 shares of company stock worth $316,530 in the last 90 days. Corporate insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Several hedge funds and other institutional investors have recently made changes to their positions in RPAY. HB Wealth Management LLC lifted its holdings 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 acquiring an additional 3,452 shares during the period. Essential Partners LLC boosted 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 worth $25,000 after acquiring an additional 3,950 shares in the last quarter. Focus Advisor Solutions LLC increased its stake in Repay by 69.1% in the third quarter. Focus Advisor Solutions LLC now owns 19,800 shares of the company’s stock valued at $72,000 after acquiring an additional 8,094 shares during the last quarter. Caerus Investment Advisors LLC bought a new position in Repay in the first quarter valued at approximately $31,000. Finally, Corient Private Wealth LP bought a new position in Repay in the second quarter valued at approximately $50,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

About Repay

Repay Holdings Corporation, known as REPAY, provides payment processing technology that helps businesses accept and manage electronic payments. Its platform supports card payments and automated clearing house (ACH) transactions, including payments made online, by phone and in person. The company focuses on software-integrated payment solutions for industries such as consumer finance, healthcare, education, automotive and property management. REPAY works with businesses and software providers to connect payment processing with their existing systems.