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

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

RPAY has been the topic of a number of other research reports. Weiss Ratings raised shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Repay in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Repay presently has an average rating of “Hold” and a consensus target price of $5.25.

Repay Stock Down 3.8%

RPAY traded down $0.16 during trading on Friday, reaching $4.03. The company had a trading volume of 365,085 shares, compared to its average volume of 966,612. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.45 and a quick ratio of 1.43. Repay has a 12 month low of $2.30 and a 12 month high of $5.25. The business’s fifty day moving average price is $3.80 and its 200 day moving average price is $3.66. The company has a market cap of $383.45 million, a P/E ratio of -1.98 and a beta of 1.89.

Repay (NASDAQ:RPAY) last announced its quarterly 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 the consensus estimate of $101.87 million. Equities analysts anticipate that Repay will post 0.88 EPS for the current year.

Insider Activity at Repay

In other news, General Counsel Tyler Dempsey sold 8,392 shares of the business’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $4.00, for a total value of $33,568.00. Following the sale, the general counsel owned 446,747 shares of the company’s stock, valued at $1,786,988. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 50,000 shares of company stock valued at $197,781 over the last 90 days. Insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Repay

A number of institutional investors have recently added to or reduced their stakes in RPAY. Essential Partners LLC increased its holdings in 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 buying an additional 3,950 shares during the last quarter. Krilogy Financial LLC acquired a new position in Repay during the first quarter worth $29,000. Caerus Investment Advisors LLC acquired a new position in Repay during the first quarter worth $31,000. Chicago Partners Investment Group LLC acquired a new position in Repay during the first quarter worth $36,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Repay during the fourth quarter worth $40,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

About Repay

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.