Repay (NASDAQ:RPAY) Stock Keeps Buy Rating at Canaccord Genuity Group

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $8.00 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 98.51% from the company’s previous close.

Other analysts have also issued research reports about the stock. DA Davidson restated a “buy” rating and issued a $6.00 target price on shares of Repay in a research report on Wednesday, July 15th. 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 research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.25.

Repay Price Performance

NASDAQ RPAY traded down $0.16 on Friday, hitting $4.03. 365,085 shares of the company’s stock were exchanged, compared to its average volume of 966,612. Repay has a 52 week low of $2.30 and a 52 week high of $5.25. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. The stock has a market cap of $383.45 million, a price-to-earnings ratio of -1.98 and a beta of 1.89. The stock has a 50-day moving average of $3.80 and a 200-day moving average of $3.66.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. The company had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.87 million. Analysts expect that Repay will post 0.88 earnings per share for the current year.

Insider Activity at Repay

In other news, General Counsel Tyler Dempsey sold 25,000 shares of Repay stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $3.91, for a total transaction of $97,750.00. Following the transaction, the general counsel owned 466,251 shares in the company, valued at approximately $1,823,041.41. The trade was a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 50,000 shares of company stock worth $197,781 in the last quarter. 12.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Repay

A number of hedge funds have recently modified their holdings of RPAY. Baird Financial Group Inc. raised its position in shares of Repay by 100.0% during the second quarter. Baird Financial Group Inc. now owns 50,000 shares of the company’s stock worth $210,000 after acquiring an additional 25,000 shares during the last quarter. Corient Private Wealth LP bought a new position in shares of Repay during the second quarter worth about $50,000. Bank of New York Mellon Corp bought a new position in shares of Repay during the second quarter worth about $842,000. Caerus Investment Advisors LLC bought a new position in shares of Repay during the first quarter worth about $31,000. Finally, Essential Partners LLC raised its position in shares of Repay by 69.8% during the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after acquiring an additional 3,950 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Company Profile

Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and accounts receivable management solutions. Its platform helps businesses accept, process and reconcile electronic payments through channels such as automated clearing house (ACH) transactions, debit and credit cards, digital wallets, online portals, text messages and interactive voice response systems.

REPAY serves organizations in several specialized industries, including consumer finance, automotive lending, healthcare, education, property management, government and business-to-business payments.