Repay (NASDAQ:RPAY) Stock Picked Up by Analysts at Stephens

Equities researchers at Stephens began coverage on shares of Repay (NASDAQ:RPAY) in a research note issued to investors on Friday, Benzinga reports. The firm set an “equal weight” rating and a $5.00 price target on the stock. Stephens‘s target price would indicate a potential upside of 21.95% from the company’s previous close.

A number of other research analysts have also commented on RPAY. UBS Group raised their price target on Repay from $4.25 to $4.75 and gave the company a “neutral” rating in a report on Tuesday. Canaccord Genuity Group reduced their price objective on shares of Repay from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Repay presently has a consensus rating of “Hold” and an average target price of $5.38.

Repay Stock Performance

Shares of RPAY stock opened at $4.10 on Friday. Repay has a 12-month low of $2.30 and a 12-month high of $4.80. The firm has a market capitalization of $390.11 million, a price-to-earnings ratio of 6.18 and a beta of 1.92. The business has a 50 day simple moving average of $4.03 and a 200 day simple moving average of $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.

Repay (NASDAQ:RPAY) last announced its earnings results 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 firm had revenue of $153.40 million for the quarter, compared to the consensus estimate of $151.97 million. Repay had a positive return on equity of 12.79% and a negative net margin of 41.21%. On average, equities research analysts anticipate that Repay will post 0.88 EPS for the current year.

Insiders Place Their Bets

In other Repay news, General Counsel Tyler Dempsey sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $4.75, for a total value of $118,750.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 75,000 shares of company stock valued at $316,530 in the last three months. Corporate insiders own 12.00% of the company’s stock.

Institutional Trading of Repay

Hedge funds and other institutional investors have recently modified their holdings of the company. Focus Advisor Solutions LLC grew its holdings in Repay by 69.1% during the third quarter. Focus Advisor Solutions LLC now owns 19,800 shares of the company’s stock worth $72,000 after acquiring an additional 8,094 shares during the period. Voya Investment Management LLC raised its position in Repay by 21.3% in the third quarter. Voya Investment Management LLC now owns 96,679 shares of the company’s stock worth $350,000 after acquiring an additional 17,007 shares in the last quarter. StoneX Group Inc. acquired a new stake in Repay in the 3rd quarter valued at about $70,000. Villanova Investment Management Co lifted its holdings in Repay by 6.5% in the 3rd quarter. Villanova Investment Management Co now owns 475,212 shares of the company’s stock valued at $1,720,000 after acquiring an additional 29,200 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Repay by 100.0% in the 2nd quarter. Baird Financial Group Inc. now owns 50,000 shares of the company’s stock valued at $210,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

Repay Company Profile

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.